Please show your work (how you arrive at) for your choice. Each is worth 5 marks.

2) The following information for the past year for the Toyota Toy Corporation has been provided:

Fixed costs:
Manufacturing	$100,000
Marketing	25,000
Administrative	25,000
Variable costs:
Manufacturing	$117,000
Marketing	22,000
Administrative	37,000

During the year, the company produced and sold 80,000 units of product at a selling price of $17.83 per unit. There was no beginning inventory of product at the beginning of the year.

What is the operating income (loss) for the year?