K The Hoops Corporation manufactures and sells hula hoops. The following data is related to sales and production of the hula hoops for last year. Selling price per unit $8.00 Variable manufacturing costs per unit $1.88 Vanable soling and administrative expenses per unit $4.95 Fixed manufacturing overhead (in total) $77,000 Find seling and administrative expenses (in total) $84,000 Units produced during the year 530,000 Units sold during year 170,000 Using variable costing, what in the operating income for last year?