Data for a firm's first year of operation is given below. The firm uses absorption costing.

Units produced (no work in process)		6,200
Units sold		4,700
Units in ending inventory of finished goods		1,500
Sales price for each unit	$	74
Variable manufacturing costs for each unit manufactured	$	24
Variable selling and admin. expenses for each unit sold	$	16
Fixed manufacturing costs for the year	$	90,000
Fixed selling and admin. expenses for the year	$	65,000

1. What is the cost of goods manufactured for the year?
2. What is the cost of the ending inventory of finished goods? (Do not round your intermediate calculations and round your answer to nearest whole dollar amount.)
3. What is the cost of goods sold? (Do not round your intermediate calculations and round your answer to nearest whole dollar amount.)
4. What is the net income (loss) for the year? (Do not round your intermediate calculations and round your answer to nearest whole dollar amount.)