1 Sarratt Corporation's contribution margin ratio is 76% and its fixed monthly expenses are $45,000. Assume that the company's sales for May are expected to be $104,000. 00:59:21 Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating income

Sarratt Corporation's contribution margin ratio is 76% and its fixed monthly expenses are $45,000. Assume that the compary's sales for May are expected to be $104,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change