Wolanski Corporation has provided the following data for its most recent year of operations: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead 32 Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Units in beginning inventory Units produced during the year 11,000 Units sold during the year Units in ending inventory The net operating income (loss) under variable costing is closest to: 8,000 3,000 $ 48 $ 11 $ 5 $ 5 $110,000 $ 4 $71,000