Cool Pools, a manufacturer of above ground pools, began operations on January 1 of the current year. During this time, the company produced 45,000 units and sold 44,000 units at a sales price of $60 per unit. Cost information for this year is shown in the following table:

Production costs
Direct materials	$11.25 per unit
Direct labor	$3.20 per unit
Variable overhead	$315,000 in total
Fixed overhead	$39,600 in total
Nonproduction costs
Variable selling and administrative	$2,000 in total
Fixed selling and administrative	$6,000 in total

Given the Cool Pools Company data, what is net income using absorption costing?

$1,649,480

$1,648,600

$1,627,150

$1,709,480

$1,708,600