CovingtonManufacturing produces snow shovels. The selling price per snow shovel is $33.00. There is no beginning inventory.

Costs involved in production are:

Direct material

$5.00Direct labor

5.00Variable manufacturing overhead

4.00Total variable manufacturing costs per unit

$14.00Fixed manufacturing overhead per year

$155,150

In addition, the company has fixed selling and administrative costs of $154,600per year.

During the year,Covingtonproduces53,500snow shovels and sells48,350snow shovels.

What is net income using variable costing?

Net income$ _________

enter net income in dollars