Lamopole Inc. sells its products for $95 each. The current production level is 90,000 units, although only 57,000 units are anticipated to be sold. The following information was presented by the company in 2020:

Unit manufacturing costs are:
Direct materials	$7
Direct manufacturing labor	$9
Variable manufacturing costs	$15
Total fixed manufacturing costs	$378,000
Marketing expenses	$12 per unit
Marketing expenses	$115,000 per year

Required:

Using the information, prepare an income statement using absorption costing. What is Lamopole Inc.'s operating income (loss) for 2020?