Bucket Zone had 2,200 buckets in its beginning inventory. It manufactured 23,000 buckets and sold 23,400 buckets during the year. Costs involved in production are $3 for direct materials, $2 for direct labor, and $1.20 for variable overhead, each on a per unit basis. The company has annual fixed selling and administrative costs of $78,000 and fixed annual manufacturing overhead costs totaling $86,250. Net income using variable costing is $33,000