Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $112 Units in beginning inventory 0 Units produced 8,950 Units sold 8,550 Units in ending inventory 400 Variable costs per unit: Direct materials $18 Direct labor $60 Variable manufacturing overhead $6 Variable selling and administrative $10 Fixed costs: Fixed manufacturing overhead $134,250 Fixed selling and administrative $8,800 What is the net operating income for the month under absorption costing?