Magosa Company sells a single product at $14 per unit. The firm's most recent income statement revealed unit sales of 80,000, variable costs of $800,000, and fixed costs of X. If the companys net loss is -$260,000, what is the amount of fixed cost?

Select one:

a. 240,000

b. 560,000

c. 480,000

d. 464,000

e. 580,000