Which costing method, absorption or variable costing, would show a higher operating income for the year? By what amount? (Do not round intermediate calculations.)

Easton Pump Company's planned production for the year just ended was 18,500 units. This production level was achieved, and 20,500 units were sold. Other data follow: Direct material used Direct labor incurred Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses Finished-goods inventory, January 1 $538,350 279,350 375,550 183,150 338,550 93, 425 2,600 units The cost per unit remained the same in the current year as in the previous year. There were no work-in-process inventories at the beginning or end of the year