Canarie Manufacturing produces snow shovels. the selling price per snow shovel is $28.00. There is no beginning inventory.

Costs involved in production are:

Direct Material $5.00

Direct Labor 4.00

Variable manufacturing overhead 3.00

total variable manufacturing costs per unit $12.00

Fixed manufacturing overhead per year $245,180

In addition, the company has fixed selling and administrative costs of $144,800 per year. During the year, Canarie produces 53,300 snow shovels and sells 48,010 snow shovels.

What is the net income using variable costing?_______________________