A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price	$240
Units in beginning inventory	0
Units produced	5,200
Units sold	2,800
Units in ending inventory	2,400
Variable costs per unit:
Direct materials	$30.00
Direct labor	$46.00
Variable manufacturing overhead	$11.00
Variable selling and administrative	$11.00
Fixed costs:
Fixed manufacturing overhead	$144,000
Fixed selling and administrative	$92,000

What is the net operating income (loss) for the month under variable costing?

$189,600

$161,600

$(73,600)

$28,000