W Corporation has the following costs associated with the manufacture and sale of one of its products:

Direct material $3.00 per unit

Direct labor 2.50 per unit

Variable manufacturing overhead 1.80 per unit

Fixed manufacturing overhead 4.00 per unit (based on an estimate of 50,000 units per year)

Variable selling expenses .25 per unit

Fixed SG&A expense $75,000 per year

During its first year of operations, W corporation manufactured 51,000 units and sold 48,000. The selling price per unit was $25.

Complete the schedule below to determine W Corporation's Variable Costing net income