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 $ 48 $ 11 $ 5 $ 5 Fixed manufacturing overhead per year. $110,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $71,000 Units in beginning inventory Units produced during the year Units sold during the year 0 11,000 8,000 3,000 Units in ending inventory The net operating income (loss) under absorption costing is closest to: