The Clemson Company reported the following results last year for the manufacture and sale of one of its products, known as a Tam:

Sales $(5,700$ Tams at $$180$ each$)$ $$1,026,000$

Variable Cost of Sales $$480,000$

Variable Distribution Costs $$167,000$

Fixed Advertising Expense $$300,000$

Salary of Product Line Manager $$27,000$

Fixed Manufacturing Overhead $148,000$

Operating Income $($Loss$)(96,000)$