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Use the information below to answer the following question. Fixed costs:...

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Accounting

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 $4.00 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?

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