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?