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) $802,000 Variable expenses: Variable cost of goods sold 521,300 Variable selling expense 80,200 Total variable expenses 601,500 Contribution margin 200,500 Fixed expenses: Manufacturing 142,880 Selling and administrative 35,720 Total fixed expenses 178,600 Net operating income $ 21,900 During November, 35,720 units were manufactured and 8,340 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