Assume a company uses the high-low method to separate any mixed costs into their variable and fixed elements. It provided the following income statements June May 4,800 $ 168, eee 86,400 81,600 5, eee $ 175,000 90,000 85,000 Sales in units Sales Cost of goods sold Gross margin Selling and administrative expenses: Advertising Shipping Salaries and commissions Total selling and administrative expenses Net operating income July 5,500 $ 192,500 99, eee 93,500 17,000 16,800 29,600 63,480 $ 18, 2ee 17,eee 17,500 3 , 64,500 $ 20,5ee 17, see 19, 250 31,000 67,25 $ 26,25e What is the estimated net operating income if the company sells 5.000 units? Multiple Choice O $20,400 $24.900 $19,900 $20,500