Madeweli Marble Compuny sells packnges of multi-colored giass marbles for use in eraft projecis Madewell produced to.0co bags of marbles and sold 6,000 of them. The company incurred the foliowing production costs: Variable manufacturing cost: $6.00 per bag Fixed manufacturing overhead cost: $35,000 Assuming the company sells its product at a price of $15 per bag of marbles, and incutred $10,000 in setling and administrative costs, what is the amount of net income under absorption costing