Use the information below to answer the following question.

Fixed costs:

Manufacturing

$$125,000$

Marketing

$48,000$

Administrative

$15,000$

Variable costs:

Manufacturing

$$120,000$

Marketing

$32,000$

Administrative

$28,000$

During the year, Gigantic Co$.$ produced and sold $120,000$ units of product at a sale price of $$4\mathrm{.}00$ per unit. There was no beginning inventory of product at the start of the year.

What is the operating income $($loss$)$ for the year at Gigantic Company?