The Colin Division of Crane Company sells its product for $32 per unit. Variable costs per unit include: manufacturing, $12; and selling and administrative, $4. Fixed costs are: $280000 manufacturing overhead, and $60000 selling and administrative. There was no beginning inventory. Expected sales for next year are 40000 units. Matthew Young, the manager of the Colin Division, is under pressure to improve the performance of the Division. As part of the planning process, he has to decide whether to produce 40000 units or 60000 units next year. What would the net income be under variable costing for each alternative