Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units: Per Unit Per Year Direct materials $ 75 Direct labor $50 Variable manufacturing overhead $ 10 Fixed manufacturing overhead $300,000 If the company's absorption costing net operating income during its first year of operations was $71,000, what was its variable costing net operating income during its first year of operations? Multiple Choice O $31,000 O $111,000 O $131,000 $11,000