Jack Company sells its product for $11,000 per unit. Variable costs per unit are: manufacturing, $6,000, and selling and administrative, $125. Fixed costs are: $30,000 manufacturing overhead, and $40,000 selling and administrative. There was no beginning inventory at 1/1/07. Production was 20 units per year in 20072009. Sales was 20 units in 2007, 16 units in 2008, and 24 units in 2009.

Income under absorption costing for 2008 is