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 $74 per unit a Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $300,000 per year. Compute the net income under variable costing. \begin{tabular}{c} \hline$76,000 \\ \hline$176,000 \\ \hline$260,680 \\ \hline$126,000 \\ \hline$337,600 \end{tabular}