The Max Corporation operates several factories in the Midwest that manufacture toys. The December 31, 2018, year-end trial balance contained the following income statement items:

Account Debits Credits

Sales Revenue 12,500

Interest Revenue 50

Loss on Sale of Investments 100

Cost of Goods Sold 6,200

Selling Expenses 620

General and Admin Expense 1,520

Interest Expense 40

Research and Development Expense 1,200

Income Tax Expense 900

Calculate the companys operating income (loss) for the year.