Neef Corporation has provided the following data for its two most recent years of operation: $ 84 Selling price per unit Manufacturing costs : Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ 12 $ 5 $4 $ 432,000 $ 5 $ 61,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 0 12,000 9,000 3,000 Year 2 3,000 9,000 10,000 2,000 The net operating income (loss) under absorption costing in Year 1 is closest to