Cornell Products has the following information available for 2012:

Direct materials	$1.00 per unit
Direct labor	$2.00 per unit
Variable manufacturing overhead	$1.50 per unit
Variable selling and administrative costs	$0.50 per unit
Fixed manufacturing overhead	$30,000
Fixed selling and administrative costs	$25,000

During 2012, Cornell produced 6,000 units out of which 5,400 units were sold for $20 each. Refer to the information provided for Cornell Products. What is the net operating income under absorption costing?