Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $96 Units in beginning inventory 0 Units produced 8,750 Units sold 8,350 Units in ending inventory 400 Variable costs per unit: Direct materials $ 14 Direct labor $ 56 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 6 Fixed costs: Fixed manufacturing overhead $131,250 Fixed selling and administrative expense $ 8,400 What is the net operating income (loss) for the month under variable costing