11 Required information Foundational (LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8) [The following information applies to the questions displayed below.) Oslo Company prepared the following contribution format income statement based on a sales volume of 1000 units (the relevant range of production is 500 units to 1,500 units): Sales 23,000 $ Variable expenses 13,000 ces Contribution margin 10,000 Fixed expenses 8,500 Net operating income $1,500 Foundational 5-6 6. If the selling price increases by $1.50 per unit and the sales volume decreases by 100 units, what would be the net operating income (Do not round intermediate calculations.) Net operating income