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) $858,000 Variable expenses: Variable cost of goods sold 514,800 Variable selling expense 128,700 Total variable expenses 643,500 Contribution margin 214,500 Fixed expenses: Manufacturing 105,870 Selling and administrative 70,580 Total fixed expenses 176,450 Net operating income $ 38,050 During November, 35,290 units were manufactured and 8,290 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