Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 30,000 units 18,000 units $ 14 per unit $ 16 per unit $ 3 per unit $ 150,000 in total Belle Company's product is sold for $61 per unit a Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $220,000 per year. Compute the net income under variable costing. Multiple Choice $60,000 O O $98,000 O $138,600 O $164,000 O $256.000