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Pearse 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 December, the kennel budgeted for 5,100 tenant-days, but its actual level of activity was 5,120 tenant-days. The kennel has provided the following data concerning the formulas used In its budgeting and Its actual results for December: Data used in budgeting: Fixed Variable element element per month per tenant-day - $31.60 Revenue 1 Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $4,100 7 00 9,100 8,900 $22,800 $7.60 12.40 4.60 0.40 $25.00 Actual results for December: Revenue $108,880 Wages and salaries Food and supplies Facility expenses Administrative expenses $23,610 $36,801 $19,360 $9,162 The net operating income in the planning budget for December would be closest to: $10,860 $10,992 $19,853 $19,947 O