Blazer Chemical produces and sells an ice$-$melting granular used on roadways and sidewalks in winter. It annually produces and sells $20,875$ tons of its granular. Because of this year's mild winter, projected demand for its product is only $16,700$ tons. Based on projected production and sales of $16,700$ tons, the company estimates the following income using absorption costing.

$\backslash$table$[[\backslash$table$[[$Sales tons at $$80$ per ton$)],[$Cost of goods sold tons at $$60$ per ton$)],[$Gross profit$],[$Selling and administrative expenses$],[$Income$]],\backslash$table$[[$$$1,336,000$O