9) FR Inc. produces and sells golf umbrellas and expects to sell 2,000 umbrellas in April. Each umbrella sells for $30 and has variable costs as follows: direct materials $3 per umbrella, direct labor $4 per umbrella and overhead of $1.25 per umbrella. FR has prepared the following static budget for April 2.000 umbrellas Sales revenue $60,000 Variable costs Direct materials 6,000 Direct labor 8,000 Variable Overhead 2.500 $43.500 Fixed costs Net operating income 6.000 $37.500 During April FR Inc, actually produced and sold 2.400 umbrellas. What should be FR's net operating income in April based on a flexible budget