A cement manufacturer has supplied the following data:

Tons of cement produced and sold		680,000
Sales revenue	$	2,788,000
Variable manufacturing expense	$	1,156,000
Fixed manufacturing expense	$	760,000
Variable selling and administrative expense	$	272,000
Fixed selling and administrative expense	$	294,000
Net operating income	$	306,000

If the company increases its unit sales volume by 4% without increasing its fixed expenses, then total net operating income should be closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $12,240

• $318,240

• $360,400

• $311,973