Yukka Inc. sells its products for $75 each. The current production level is 85,000 units, although only 70,000 units are anticipated to be sold. The following information was presented by the company in 2020:

Unit manufacturing costs are:
Direct materials	$12.00
Direct manufacturing labor	$11.50
Variable manufacturing costs	$15.00
Total fixed manufacturing costs	$425,000
Marketing expenses	$17.00 per unit, plus $175,000 per year

Using the information, prepare an income statement using absorption costing. What is Yukka's operating income (loss) for 2020?