Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $ 200 $ 69 $ 50 $ 12 $ 8 $ 300,000 Using absorption costing, what is the company's net operating income? Multiple Choice $310,000 $610,000 $390,000 $290,000