Crane Company sells its product for $11100 per unit. Variable costs per unit are: manufacturing, $5600; and selling and administrative, $125. Fixed costs are: $45000 manufacturing overhead, and $55000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 30 units per year in 20202022. Sales were 30 units in 2020, 26 units in 2021, and 34 units in 2022. Income under variable costing for 2021 is

$49000.

$45750.

$39750.

$85500.