A tile manufacturer has supplied the following data:

Boxes of tiles produced and sold		585,000
Sales revenue	$	3,159,000
Variable manufacturing expense	$	1,813,500
Fixed manufacturing expense	$	789,750
Variable selling and administrative expense	$	146,250
Fixed selling and administrative expense	$	117,000
Net operating income	$	292,500

If the company increases its unit sales volume by 4% without increasing its fixed expenses, then total net operating income should be closest to:

$11,700

$340,470

$121,700

$304,200