The Sales company reports the following information for last year: 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 Beginning $ 8,200 $ 5,500 Ending $ 10,800 $ 21,000 $ 72,000 $ 25,200 $660,000 $ 86,000 $ 137,000 $ 103,000 $ 45,000 $ 222,000 $ 207,000 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the, operating income for last year? $53,300 $ 83,300 $38,300 $ 67,000 company's net