elle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 95,000 units Units sold this year 57,000 units Direct materials $ 27 per unit Direct labor $ 29 per unit Variable overhead $ 3 per unit Fixed overhead $ 783,750 in total Belle Company's product is sold for $83 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $350,000 per year. Compute the net income under absorption costing.