35 No More Standing is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of No More Standing has grown worried about the firm's upcoming income stream. The CFO asked you to use the company financial information provided below. Sales price Per-unit variable costs: Invoice cost Sales commissions Total per-unit variable costs Total annual fixed costs: Advertising Rent Salaries otal annual fixed costs $ 82.00 42.10 18.65 $ 60.75 $ 56,350 78,700 226,700 $ 361,750 If 40,700 office chairs were sold, No More Standing's operating income (TB) would be: (Do not round intermediate calculations.)