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 ($18 per unit) $ 738,000 Variable expenses : Variable cost of goods sold 410,000 Variable selling expense 123,000 Total variable expenses 533,000 Contribution margin 205,000 Fixed expenses: Manufacturing 141,280 Selling and administrative 35, 320 Total fixed expenses 176,600 Net operating income $ 28,400 During November, 35,320 units were manufactured and 8,490 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