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Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations,110,016 units were produced, and 103,539 units

Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations,110,016 units were produced, and 103,539 units were sold. Manufacturing costs and S&A expenses for the year were as following:

Fixed Costs Variable Costs
Raw materials -- $ 1.93 per unit produced
Direct labour -- $ 1.46 per unit produced
Factory overhead $ 97,087 $ 0.66 per unit produced
Selling and administrative $ 66,735 $ 0.58 per unit sold

Required: What was Indi's operating income for the year using absorption costing? Round your answer to the nearest dollar.

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