Watson, Inc. has collected the following data for the current year:

Beginning Finished Goods Inventory: 60 units

Units produced 500 units

Units sold 560 units

Sales price $120 per unit

Direct materials $27 per unit

Direct labor $19 per unit

Variable manufacturing overhead $16 per unit

Fixed manufacturing overhead $10,300 per year

Variable selling and administrative costs $6 per unit

Fixed selling and administrative costs $12,500 per year

The beginning Finished Goods Inventory costs were $3,600 under absorption costing and $2,000 under variable costing. What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)