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 Unite produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 31,000 units 18,600 units $ 15 per unit $ 17 per unit $ 3 per unit $ 155,000 in total Given Advanced Company's data, and the knowledge that the product is sold for $62 per unit and operating expenses are $260,000, compute the net Income under absorption costing. Multiple Choice $62,000 O $242.200 -19 Saved Help Save & Exit Subm Given Advanced Company's data, and the knowledge that the product is sold for $62 per unit and operating expenses are $260,000, compute the net income under absorption costing Multiple Choice $62.000 O $242,200 $151.900 $87,200 $149,200