A manufacturer reports the following information below for its first three years in operation.

Year 1Year 2Year 3Variable costing income$ 76,000$ 109,000$ 115,000Beginning finished goods inventory (units)0800500Ending finished goods inventory (units)8005000Fixed overhead per unit$ 8.00$ 8.00$ 8.00

Income for year 3 using absorption costing is:

Select one:

a. $106,600.

b. $111,000.

c. $117,000.

d. $109,000.

e. $115,000.