Homeyer Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: $ 71 Variable manufacturing cost per unit produced: Direct materials $12 6 Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: $264,000 Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year 74,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 Year 2 0 3,000 11,000 12,000 8,000 14,000 3,e00 1,000 The net operating income (loss) under absorption costing in Year 1 is closest to: $102,000 $30,000 $176,000 $208,000