! Required information [The following information applies to the questions displayed below.] Red and White Company reported the following monthly data: Units produced Sales price Direct materials Direct labor Variable overhead Fixed overhead 3,500 units $ 40 per unit $ 6 per unit $ 7 per unit $ 8 per unit $8,750 in total What is Red and White's net income under absorption costing if 1,130 units are sold and selling and administrative expenses are $15,200