Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$	172
Units in beginning inventory		0
Units produced		9,700
Units sold		9,300
Units in ending inventory		400

Variable costs per unit:
Direct materials	$	33
Direct labor	$	75
Variable manufacturing overhead	$	21
Variable selling and administrative expense	$	25
Fixed costs:
Fixed manufacturing overhead	$	145,500
Fixed selling and administrative expense	$	10,300

What is the net operating income for the month under absorption costing?