Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year 25,000 units

Units sold this year 15,000 units

Direct materials $ 9 per unit

Direct labor $ 11 per unit

Variable overhead $ 3 per unit

Fixed overhead $ 137,500 in total

Belle Company's product is sold for $50 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $170,000 per year. Compute the net income