Coronado Industries sells its product for $6100 per unit. Variable costs per unit are: manufacturing, $3000, and selling and administrative, $50. Fixed costs are: $18000 manufacturing overhead, and $24000 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

$31200.

$27025.

$27600.

$22800.