Hacken Company has 130 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Hacken produced 230 units and sold 360 units for $250 each. All units incurred $50 in variable manufacturing costs and $16 in fixed manufacturing costs. Hacken also incurred $7,000 in Selling and Administrative Costs, all fixed. Calculate the operating income for the year using absorption costing and variable costing.