During 2021, its first year of operations, XYZ Company produced 25,000 units and sold 19,000 units. During 2022, XYZ Company produced 30,000 units and sold 32,000 units. The following information was taken from XYZ's accounting records for 2021 and 2022: 2021 2022 Direct materials cost per unit $18 $17 $16 $21 Direct labor cost per unit Variable overhead cost per unit Variable selling & admin cost per unit Fixed overhead (total cost) $7 $9 $6 $4 $144,000 $96,000 $105,000 $88,000 Fixed selling & admin (total cost) Assume the selling price of XYZ Company's product was $64 per unit for both years. Calculate XYZ Company's 2022 net income using variable costing. Assume XYZ Company employs a FIFO inventory cost flow assumption