Preferred Products has the following cost information available for 2009: Direct Materials $4.00 per unit Direct Labor $3.00 per unit Variable manufacturing overhead $2.00 per unit Variable selling and administrative costs $1.00 per unit Fixed manufacturing overhead $25,000 Fixed selling and administrative costs $10,000 During 2009, Preferred produced 5,000 units out of which 4,600 units were sold for $30 each. A. Calculate Preferred's net income assuming the company uses variable costing. B. Calculate Preferred's net income assuming the company uses absorption costing.