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\fAdvanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 31,980 units Units sold this year 13,680 units Direct materials in 15 per unit Direct labor 3 1? per unit Variable overhead i 3 per unit Fixied overhead $155,988 in total en Advanced Company's data, and the knowledge that the product is sold for $62 per unit and operating expenses are $260,000, compute the net income under absorption costing. Multiple Choice $241200 $149,200 $37200 $61000 $151900 OOOO