Stanley Corporation gathered the following information for the year just ended: Fixed costs: Manufacturing $125,000 Marketing 46,000 Administrative 22,000 Variable costs: Manufacturing $65,000 Marketing 22,000 Administrative 45,000 During the year, Stanley produced and sold 50,000 units of product at a selling price of $5.60 per unit. There was no beginning inventory of product at the start of the year. What is the operating income (loss) for the year? $148,000 $23,000 $280,000 -$45,000