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

Sales price per unit		$	106
Direct materials per unit		$	51
Direct labor per unit		$	14
Variable overhead per unit		$	10
Fixed overhead per unit		$	23
Fixed selling costs		$	49,600
Variable selling costs		$	166,300
Beginning inventory			0
Units produced			106,700
Units sold			99,300

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

Operating income

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

Ending Finished Goods Inventory balance