The following information for the past year for the Blaine Corporation has been provided:
Fixed costs:
Manufacturing $125,000
Marketing 23,000
Administrative 21,000
Variable costs:
Manufacturing $115,000
Marketing 30,000
Administrative 43,000
During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year. What is the operating income (loss) for the year?
A. $281,000
B. $262,000
C. $93,000
D. $450,000