1. The Belvedere Company has no beginning inventories of any kind. During the current accounting period, the company produces 10 units. The company sells 8 of these units in the same accounting period. The selling price is $9,000 for each unit. The company has three costs. Cost A is $40,000 and is a product cost. Cost B is $20,000 and is a period expense. Cost C is $10,000 and it is also a period expense. Compute the operating income for the company. Please show your work.