14-24 Master (Static) Budget Variance and Its Components As the new accountant for Cohen & Co., you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company's sole product: Actual Master (Static) Budget Units sold 40,000 45.000 Sales $380,000 $450,000 Variable costs 210,000 270.000 Fixed costs 145,000 135.000 Required 1. What was the actual operating income for the period? Show calculations, round your answer to the nearest whole dollar