[The following information applies to the questions displayed below.] Red and White Company reported the following monthly data: Units produced 2,000 units Sales price $ 25 per unit Direct materials $ 1 per unit Direct labor $ 2 per unit Variable overhead $ 3 per unit Fixed overhead $ 8,000 in total What is Red and White's net income under absorption costing if 980 units are sold and selling and administrative expenses are $12,000?