Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $132 Units in beginning inventory 0 Units produced 9,200 Units sold 8,800 Units in ending inventory 400 Variable costs per unit: Direct materials $23 Direct labor $65 Variable manufacturing overhead $11 Variable selling and administrative $15 Fixed costs: Fixed manufacturing overhead $138,000 Fixed selling and administrative $9,300 What is the net operating income for the month under variable costing?