Burke Company produced 9,300 units of inventory and sold 7,300 of them. The company incurred the following production costs: Variable manufacturing cost: $6.65 per unit Fixed manufacturing overhead cost: $40,920 Assuming the company sells its product at a price of $29 per unit, and incurred $12,800 in selling and administrative costs, what is the amount of net Income under absorption costing? Multiple Choice $118.235 $116,235 $130.235 $106.235