The IS-13501 company reports the following information for last year: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 659,000 $ 89,000 $ 131,000 $ 109,000 $ 44,000 $ 223,000 $ 208,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 8,900 $ 10,100 $ 5,400 $ 20,000 $ 76,000 $ 25,500 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-13501 company's net operating income for last year? $ 43,300 $ 63,000 $ 28,300 $ 72,300