ABC Company estimates the following data for the coming month

Total variable costs

$35,000.00

Income tax rate

25%

Contribution margin percentage

40%

Estimated monthly operatingfixed costs

$16,000.00

Required minimum net income as percentage of total sales

10%

Find the estimated operating income for the coming month.

$1,500.00

$2,500.00

$4,500.00

$7,333.33