A manufacturing company is contemplating switching from their current costing approach, variable costing, to absorption costing. Relevant data for the company in January 20X2 is as follows.

Selling price	$30/unit
Units produced	40,000
Units sold	30,000
Inventory as of 1/1/X2	None
Direct materials	$6/unit
Direct labor	$3/unit
Variable overhead	$2/unit
Variable selling and administrative expense	$1/unit
Fixed selling and administrative expense	$75,000
Fixed manufacturing overhead	$160,000

Based on the information above, the companys operating income using absorption costing is