Numero Uno Company reports the following information for the current year (see table}Jr which is its first year of operations. Assume Humero Uno uses absorption costing to prepare its financial statements. Revenues: l,D units @ $30.0D per unit Operating Expenses: Total Variable operating expenses for the year equaled $2,DD Total Fixed operating expenses for the year equaled $32,0 Manufacturing Costs based on production of ll, units: Variable costs: $5. per unit Fixed costs: $55,00 for the year. Inventories: Beginning Ending Work in Process 0 units D units Finished Goods 3 units l,DD units Determine the Net Income for the year using Variable Casting. {Round to the nearest $1.00}