Front Company had net income of $74,500 based on variable costing. Beginning and ending inventories were 1,000 units and 1,600 units, respectively. Assume the fixed overhead per unit was $8.00 for both the beginning and ending inventory. What is net income under absorption costing?

• $53,700
• $95,300
• $79,300
• $75,000
• $69,700