Assume the following information for a company that produced $10,000$ units and sold $8,000$ units during its first year of operations and produced $8,000$ units and sold $10,000$ units during its second year of operations:

Per Unit Per Year

Selling price $ $200$

Direct materials $ $81$

Direct labor $ $50$

Variable manufacturing overhead $ $9$

Sales commission $ $8$

Fixed selling and administrative expense $ $110,000$

Fixed manufacturing overhead $ $300,000$

Using absorption costing, what is the net operating income for the second year of operations?