Waterway Industries sells its product for $50 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $21, direct labor $11, and variable overhead $3. Fixed costs are: $840000 manufacturing overhead, and $50000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

$30000.

$840000.

$140000.

$170000.