Please help with homework. I need to understand how to get to the answer.

Sandy Corporation has provided the following cost data for last year when 50,000 units were produced and sold:

Direct materials

$200,000

Direct labor

100,000

Manufacturing overhead

200,000

Selling and administrative expense

150,000

All costs are variable except for the following fixed costs: $100,000 of manufacturing overhead and $100,000 of selling and administrative expense are fixed.

If the selling price is $10 per unit, the net operating income from producing and selling 120,000 units would be: