Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12,000 units during Year 2, while producing 12,000 units and selling 14,000 units in Year 3. Per Unit Per Year Selling price $ 240 Direct materials $ 85 Direct labor $ 60 Variable manufacturing overhead $ 10 Sales commission $ 11 Fixed manufacturing overhead $ 450,000 Fixed selling and administrative expense $ 250,000 If the company uses a LIFO inventory flow assumption (LIFO means last-in first-out and assumes the newest units in inventory are sold first), what is the net operating income in Year 3 under absorption costing?