Alpha Company produces and sells a product. Price and cost data are in Table $1.$ The operating income using absorption costing is closest to

Table $1-$ Alpha Company

Item Amount

Variable manufacturing cost $($DM $+$ DL $+$ VMO$)$ $$26\mathrm{.}00$

Variable marketing cost $$4\mathrm{.}00$

Fixed manufacturing overhead $($FMO$)$ $$14,000\mathrm{.}00$

Administrative expenses $($all fixed$)$ $$26,000\mathrm{.}00$

Ending Inventories:

Direct Materials $($units$)0$

Work In Process $($units$)0$

Finished Goods $($units$)250$

Units Sold $1,750$

Sales price $$81\mathrm{.}00$

Units produced $2,000$