Pacific Inc. has provided the following data for the latest quarter of the most recent year: Sales Fixed manufacturing overhead Direct labour Fixed selling expense Variable manufacturing overhead Variable administrative expense Direct materials Fixed administrative expense Variable selling expense $300,000 55,000 72,5001 46,2501 41,000 48,000 51,5001 44,5001 49,7501 Assume that direct labour is a variable cost and that there was no beginning or ending inventories. The gross margin (loss) for Pacific for the latest quarter was