Harris Corporation produces a single product. Last year, Harris manufactured 27,120 units and sold 21,800 units. Production costs for the year were as follows $461,040 $208,824 Flxed manufacturing overhead Variable manufacturing overhead Direct labor Direct materials $124,752 $222,384 Sales were $915,600, for the year, varlable selling and adminlstrative expenses were $128,620, and fixed selling and administrative expenses were $197,976. There was no beginning Inventory. Assume that direct labor Is a varlable cost. Under variable costing, the company's net operating Income for the year would be