Required information [The following information applies to the questions displayed below.] Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 32,000 units 19,200 units 16 per unit $ 18 per unit $ 3 per unit $160,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $63 per unit and operating expenses are $270,000, compute the net income under absorption costing. Multiple Choice $64.000 $133,200 O $165,760 $229,200 O