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 15,000 units 9,000 units $ 11 per unit $ 13 per unit $ 3 per unit $ 63,750 in total Belle Company's product is sold for $70 per unit a Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $190,000 per year. Compute the net income under variable costing. $54,000 $115,250 $102,060 $104,000 $225,400