Goshford Company produces a single product and has capacity to produce 130,000 units per month. Costs to produce its current sales of 104,000 units follow. The regular selling price of the product is $130 per unit. Management is approached by a new customer who wants to purchase 26,000 units of the product for $78.30 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is not in the company's regular selling territory, so there will be a $6.60 per unit shipping expense in addition to the regular variable selling and administrative expenses. Direct materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead Variable selling and administrative expenses Pixed selling and administrative expenses Totals Costs at Per Unit 104.000 Units $12.50 $1,300,boo 15.00 1,560,000 12.00 1,248,000 17.50 1.820,000 15.00 1.560.000 15.00 1,560,000 $87.00 $9,048,000 Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $78.30 per unit. Normal Volume Additional Volume Combined Total Sales Costs and expenses Direct materials Direct labor Variable overhead Variable selling and admin. exp Forced selling and admin. exp 0 Total costs and expenses Net Income (loss) $