Fizzy Beverages manufactures and packages cans of carbonated beverages that are packaged into cases of 12 cans. The companys actual and static budgeted volume was 200,000 cases of product in its first year of operations. Variable manufacturing costs were $1 per case of cans. Actual and static budget fixed manufacturing costs were $300,000, and selling and administrative costs were $40,000. Fizzy sold 120,000 cases that year for $3.00 per case. Fizzys absorption costing operating income is ________