During 2022, Comell produced 6,000 units (NORMAL CAPACITY) out of which 5,400 units were sold for $20 each. 5. Based on direct costing, the value of the ending inventory on the balance sheet was equal to a. $2,700 b. $3,700 c. $4,700 d. $5,700 6. Based on absorption costing, the value of the ending inventory on the balance sheet was equal to a. $2,700 b. $3,700 c. $4,700 d. $5,700 7. What is net income under direct costing? a. $35,000 b. $29,000 c. $26,000 d. $23,000 8. What is net income under absorption costing? a. $23,000 b. $29,000 c. $26,000 d. $35,000