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Required information [The following information applies to the questions displayed below.] Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Given Advanced Company's data, and the knowledge that the product is sold for $74 per unit and operating expenses are 5330,000 , compute the net income under variable costing. Required information $76,000 $50,000 $260,680 $126,000 $337,600