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The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $125,000 Marketing 23,000 Administrative 21,000 Variable costs: Manufacturing

The following information for the past year for the Blaine Corporation has been provided:

Fixed costs:
Manufacturing $125,000
Marketing 23,000
Administrative 21,000
Variable costs:
Manufacturing $115,000
Marketing 30,000
Administrative 43,000

During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year.What is the operating income (loss) for the year?

A.

$281,000

B.

$262,000

C.

$93,000

D.

$450,000

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