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

Belle Company's product is sold for $$62$ per unit. Variable selling and administrative expense is $$2$ per unit and fixed selling and administrative is $$230,000$ per

year. Compute the net income under absorption costing.

Multiple Choice

$$62,000$

$$87,200$

$$151,900$

$$232\mathrm{.}000$