bell manufacturing has the following cost structure, production and sales:

direct material $20/unit

direct labor $12/unit

variable manufacturing overhead $2/unit

fixed manufacturing overhead for the year $60,000

Fixed selling and administrative expenses for the year $120,000

total production for the year 12,000 units

total sales for the year ($60 each) 8,000

assume bell manufacturing uses full costing. what is net income? what is gross profit? what is cost of goods sold?