Marin Printing, Inc., prints and binds encyclopedias. The following information was found in the accounting records:

Sales price per unit		$	114
Direct materials per unit		$	50
Direct labor per unit		$	16
Variable overhead per unit		$	8
Fixed overhead per unit		$	21
Fixed selling costs		$	47,900
Variable selling costs		$	156,900
Beginning inventory			0
Units produced			105,400
Units sold			104,800

(a) Under absorption costing, what is Marins operating income?

Operating income

$enter the operating income in dollars

(b) Under variable costing, what is Marins ending Finished Goods Inventory balance?

Ending Finished Goods Inventory balance

$enter the ending finished goods inventory balance in dollars