Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: $96 0 8,750 8,350 400 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $14 $56 $2 Fixed costs Fixed manufacturing overhead Fixed selling and administrative $131,250 $8,400 What is the net operating income for the month under absorption costing