1. Last year, ABC corporation estimated harvesting and sales of 7,000 banana treats. The company actually produced and sold 6,000 treats. Each treat has a standard stipulating 1.4 pounds of ingredients at a budgeted cost of $1.50 per pound and 3 hours of mixing time at a cost of $10.50 per hour. The treats sell for $30.00 each. Actual costs for the production of 6,000 treats were $12,900 for ingredients (8,600 pounds at $1.50 per pound) and $178,350 for labor (17,400 hours at $10.25 per hour). What is ABC's income/(loss) based on a flexible budget?