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9. (1 point) Marlin Company reports the following information: IINITS The company uses the FIFO inventory method. 2020 was the first year of operation. If operating income under variable costing for year 2021 is $35,000, what was the 2021 operating income under the absorption costing method assuming that overhead was applied to production using a rate based on actual production for each year? a. $27,500 b. $47,000 c. $23,000 d. $50,000 e. $42,500 f. ($20,000) g. $53,750 h. None of the above 9. (1 point) Marlin Company reports the following information: IINITS The company uses the FIFO inventory method. 2020 was the first year of operation. If operating income under variable costing for year 2021 is $35,000, what was the 2021 operating income under the absorption costing method assuming that overhead was applied to production using a rate based on actual production for each year? a. $27,500 b. $47,000 c. $23,000 d. $50,000 e. $42,500 f. ($20,000) g. $53,750 h. None of the above