A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $112 Units in beginning inventory O Units produced 5,500 Units sold 5,300 Units in ending inventory 200 Variable costs per unit: Direct materials $33 Direct labor $37 Variable manufacturing overhead $5 Variable selling and administrative $6 Fixed costs: Fixed manufacturing overhead $71,500 Fixed selling and administrative $79,500 What is the net operating income for the month under absorption costing