Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation Income Statement For the Month ended November 30 Sales ($20 per unit) $850,000 Variable expenses: Variable cost of goods sold 510,000 Variable selling expense 85,000 Total variable expenses 595,000 255,000 140,120 70,060 210,180 $ 44,820 Contribution margin Fixed expenses: Manufacturing Selling and administrative Total fixed expenses Net operating income During November, 35,030 units were manufactured and 8,770 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months. Under absorption costing, for November the company would report a: