Blazer Chemical produces and sells an ice$-$melting granular used on roadways and sidewalks in winter. It annually produces and sells $21,000$ tons of its granular. Because of this year's mild winter, projected demand for its product is only $16,800$ tons. Based on projected production and sales of $16,800$ tons, the company estimates the following Income using absorption costing.

Sales tons at $$80$ per ton$)$

Cost of goods sold $(16,800$ tons at $$60$ per ton$)$

Gross profit

Selling and administrative expenses

Income

$\backslash$table$[[$$$1,344,000$