ABC Company sells its product for $11,000 per unit Variable costs per unit are: manufacturing, $6,000; and selling and administrative, $125 Fixed costs are: $30,000 manufacturing overhead, and $40,000 selling and administrative. There was no beginning inventory on 1/1/20. Production was 20 units per year in 20202022. Sales were 20 units in 2020, 16 units in 2021, and 24 units in 2022. Income under ABSORPTION costing for 2022 is