XYZ Company provided the following cost information for

last year when they produced and sold $125,000$ units:

direct materials $.......................$ $$225,000$

direct labor $...........................$ $ $95,000$

manufacturing overhead $.................$ $$170,000$

selling and administrative expenses $....$ $$120,000$

All costs are variable except for $$120,000$ of manufacturing

overhead and $$60,000$ of the selling and administrative

expenses. Assume the selling price is $$5$ per unit.

Calculate the amount of net income XYZ Company would report

from producing and selling $153,000$ units.