Callaway Corp., which began business at the start of the current year, had the following data:

Planned and actual production: 52,000 units

Sales: 55,000 units at $12 per unit

Production costs:

Variable: $5 per unit

Fixed: $286,000

Selling and administrative costs:

Variable: $3 per unit

Fixed: $44,000

The gross margin that the company would disclose on an absorption-costing income statement is: