XYZ Inc. sells a single product for $12 per unit Variable production costs are $5 per unit. Fixed overhead costs amount $12,000 per month. Variable selling costs are $1 per unit. Fixed selling costs are $4.000 per month Last month, the company had no sales or production. What was ABC's net operating income or loss? Multiple Choice $16,000 loss $22,000 profit $27,000 loss $12,000 loss