The IS-46168 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 Inventories Raw materials Work in process Beginning $ 8,300 $5,600 Ending $ 11,000 $ 20,700 $ 73,000 $ 25,800 $ 655,000 $ 81,000 $ 136,000 $ 103,000 $ 49,000 226,000 $ 202,000 Finished goods The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-46168 operating income for last year? O $ 30,600 O $ 54,600 O $ 60,000 O $ 79,600