Electron Corporation produces a single product that sells for $650. Its manufacturing costs total $400, broken down as follows:

• Direct materials, $60
• Direct labor, $40
• Variable overhead, $100,
• Fixed overhead, $200 (based on a planned activity of 10,000 units)

Variable S & A costs are $50 per unit sold, and fixed S & A costs are $500,000. In the most recent year, Electron produced 10,000 units and sold 8,000 units its variable cost income was 700,000 the company's absorption costing income would have been?