Assume that variable costs increase to45% of the current sales price and fixed costs increase by $13,000per month. IfOriolewere to raise its sales price10% to cover these new costs, but the number of blankets sold were to drop by6%, what would be the new annual operating income?(Round sales price to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275.)

OrioleMonograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50throughout the country to loyal alumni of over3,700schools.Oriole's variable costs are42% of sales; fixed costs are $116,000per month.