Fedovic Racket company started operations in the month of May. For the month of May, it produced 4,300 rackets and sold 3,700 rackets. Total manufacturing costs for the month of May are $420,000 (thisincludesfixed manufacturing costs of $110,000). Selling Expenses include $130,000 in fixed selling expenses and $120,000 in variable selling expenses. Each racket sells for $380. What is thenet incomefor the month of May if the firm prepares the income statement usingFull Absorption (FA)?