Reference: Survey of Accounting 6th edition Book

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The following information relates to Marshall Manufacturing's current accounting period: Raw materials used $ 1?,189 Direct labor wages 33,189 Sales salaries and commissions 25,189 Depreciation on production equipment 3,819 Rent on manufacturing tacilities 4,819 Administrative supplies and utilities 5,189 Sales revenue 196,889 Units produced 4,189 Units sold 4,189 Based on this information, what is the company's net income? [Do not round intermediate calculations.) The following information was drawn from the accounting records of Marlin Manufacturing Co. Product 1 Product 2 Product 3 Direct Material Cost $25,888 $38,888 $35,888 Direct Labor Cost $38,888 $48,888 $58,888 Direct Labor Hours 1,288 hours 1,888 hours 2,888 hours Factory overhead is estimated to be $30,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. Factory overhead allocated to Product 2 is The following information was drawn from the accounting records of Marlin Manufacturing Co. Product 1 Product 2 Product 3 Direct Material Cost $25,666 $36,666 $35,666 Direct Labor Cost $36J 666 $46,666 $56,666 Direct Labor Hours 1,266 hours 1,866 hours 2,666 hours Factory overhead is estimated to be $30,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. The total cost of Product 1 is