Required information The following information applies to the questions displayed below.) began operations at the beginning of the current year. One of the company's products, a refrigeration element, sells for $195 per unit Information related to the current year's activities follows. Variable costs per unit: Direct material Direct labor Manufacturing overhead 10 37 Annual fixed costs: Manufacturing overhead Selling and administrative $600,800 866,eee Production and sales activity: Production (units) Sales (units) 24,800 28,800 Mason carries its finished goods inventory at the average unit cost of production and is subject to a 30 percent income tax rate. There was no work in process at year-end. 2. Compute Mason's net income for the current year ended December 31