Lilac, Inc. manufactures and sells one product. The following information pertains to each of the company's first two years of operations:

Selling price per unit $200

Variable costs per unit:

Manufacturing:

Direct materials $86

Direct labor $40

Variable manufacturing overhead $11

Variable selling and administrative expense $5

Fixed costs per year:

Fixed manufacturing overhead $49,000

Selling and administrative expense $99,500

Year 1 2

Production (units) 5,000 4,600

Sales (units) 4,500 5,100

Q:) What is net operating income under absorption costing in Year 2? (Do not round intermediate calculations. Round the final answer to the nearest dollars.)