Company X provides the following data for the fiscal year 2020 5,000 units produced and 4,800 units sold Selling Price: $2,000 per unit Manufacturing Costs: Variable: Direct Costs $825 per unit Variable MFG $75 per unit OH Fixed: $1,200,000 Selling Costs: $40 per unit variable plus $100,000 fixed. Administrative Costs: $500,000 per year (fixed). Overhead costs are allocated per unit. What is the accounting income for the year?