Determine the net income for the first year using Variable Costing. (Round to the nearest $1.00)

QUESTION 6 10 points Save An Numero Uno Company reports the following information for the current year (see table), which is its first year of operations. Assume Numero Uno uses absorption costing to prepare its financial statements. Revenues: 10,000 units @ $30.00 per unit Operating Expenses: Variable selling and Administrative costs: $2.50 per unit gold Fixed Selling and Administrative costs: $108,000 annually Manufacturing Costs: Variable costs: 11,000 units @ $4.50 per unit manufactured Fixed costs: $117,000 annually Inventories: Beginning Ending Work in Process 0 units 0 units Finished Goods 0 units 1,000 units Determine the net income for the first year using Variable Costing. (Round to the nearest $1.00)