The IS-92421 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 Finished goods Ending Beginning $ 8,400 $ 10,800 $ 5,000 $ 71,000 $ 20,400 $ 25,800 $ 650,000 $ 87,000 $ 136,000 $ 104,000 $ 44,000 $ 225,000 $ 209,000 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-92421 company's net operating income for last year?