ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 35,000 units at $42 each. Costs incurred were:

Variable manufacturing overhead per unit	$	18
Fixed manufacturing overhead		277,000
Variable selling and administrative cost per unit		8
Fixed selling and administrative cost per unit		172,000

If there were no variances, the company's absorption-costing income would be: