Company sells its product for $12200 per unit. Variable costs per unit are: manufacturing, $5700; and selling and administrative, $125. Fixed costs are: $26000 manufacturing overhead, and $36000 selling and administrative. There was no beginning inventory at 1/1/18. Production was 20 units per year in 20182020. Sales were 20 units in 2018, 16 units in 2019, and 24 units in 2020. Income under absorption costing for 2020 is

$79000.

$84700.

$85800.

$91000.