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

Units produced this year $65,000$ units

Units sold this year $39,000$ units

Direct materials $ $21$ per unit

Direct labor $ $23$ per unit

Variable overhead $ $3$ per unit

Fixed overhead $ $438,750$ in total

Belle Company's product is sold for $$73$ per unit. Variable selling and administrative expense is $$2$ per unit and fixed selling and administrative is $$290,000$ per year. Compute the net income under absorption costing.