Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $64,000; variable selling and administrative costs per unit, $3; and fixed selling and administrative costs, $209,000. The company sells its units for $50 each. Additional data follow.

Planned production in units	10,000
Actual production in units	10,000
Number of units sold	7,500

There were no variances. The income (loss) under absorption costing is: