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Blazer Chemical produces and sells an ice$-$melting granular used on roadways and sidewalks in winter. It annually produces and sells $19,750$ tons of its granular. Because of this year's mild winter, projected demand for its product is only $15,800$ tons. Based on projected production and sales of $15,800$ tons, the company estimates the following income using absorption costing.

Sales tons at $$80$ per ton$)$

Cost of goods sold $(15,800$ tons at $$60$ per ton$)$

Gross profit

Selling and administrative expenses

Income

$\backslash$table$[[$$$1,264,000$