The following data (in thousands of dollars) have been taken from the accounting records of Karsen Corporation for the just completed year.

Sales $1000

Raw materials inventory, beginning $90

Raw materials inventory, ending $30

Purchases of raw materials $220

Direct labor $120

Manufacturing overhead $210

Administrative expenses $80

Selling expenses $20

Work in process inventory, beginning $80

Work in process inventory, ending $70

Finished goods inventory, beginning $90

Finished goods inventory, ending $140

Required:

Calculate the net operating income for the year (in thousands of dollars)