Required information

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Diego Company manufactures one product that is sold for $$76$ per unit in

two geographic regions$-$East and West. The following information pertains

to the company's first year of operations in which it produced $58,000$ units

and sold $54,000$ units.

The company sold $40,000$ units in the East region and $14,000$ units in the

West region. It determined $$320,000$ of its fixed selling and administrative

expense is traceable to the West region, $$270,000$ is traceable to the East

region, and the remaining $$50,000$ is a common fixed expense. The

company will continue to incur the total amount of its fixed manufacturing

overhead costs as long as it continues to produce any amount of its only

product.

What is the company's net operating income $($loss$)$ under absorption costing?