Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $102 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $77.40 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is not in the company's regular selling territory, so there will be a $700 per unit shipping expense in addition to the regular variable selling and administrative expenses. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Totals Per Unit $12.50 15.00 12.00 17.50 16.00 13.00 $86.00 Costs at 148,000 Units $1,85e.ee 2,220,000 1.776.000 2,590, eee 2,368,000 1,924, eee $12,728,eee Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $77.40 per unit. Normal Volume Additional Volume Combined Total Sales Costs and expenses Direct materials Direct labor Variable overhead Fixed Overhead Variable selling and admin. exp Fixed sering and admin exp Total costs and expenses Net Income loss)