Murie Corporation makes one product and has provided the following information: Budgeted selling price per unit Budgeted unit sales, February Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate Predetermined overhead rate (all variable) Variable selling and administrative expense Fixed selling and administrative expense $ 98 per unit sold 11,000 Units 5 Pounds $ 3.00 per pound 2.5 direct labor-hours $ 18.00 per direct labor-hour $ 11.00 per direct labor-hour 2.70 per unit sold $ 80,000 per month The estimated net operating income (loss) for February is closest to: