12 2 pts Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2.200 tenant-days, but its actual level of activity was 2.160 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed Element per Month Variable element per tenant-day Revenue $0 $31.10 Wages and salaries $2,300 $7.20 Food and supplies 1,000 8.10 Facility expenses 9,500 2.70 Administrative expenses 7,000 0.30 Total expenses $19,800 $18.30 Actual results for January: Revenue $63,606 Wages and salaries $17,282 Food and supplies $18,346 Facility expenses $14,432 Administrative expenses $7,408 The net operating income in the flexible budget for January would be closest to: O $6,568 O $6,257 $7.848 O $8,360