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Cardillo Inc., an escrow agent, has provided the following data concerning its office expenses: Escrows Completed Office Expenses January 99 $13,181 February 111 $13,598 March

Cardillo Inc., an escrow agent, has provided the following data concerning its office expenses:

Escrows Completed Office Expenses
January 99 $13,181
February 111 $13,598
March 129 $14,239
April 133 $14,357
May 152 $15,095
June 104 $13,335
July 118 $13,847
August 100 $13,211
September 103 $13,283

Management believes that office expense is a mixed cost that depends on the number of escrows completed. Note: Real estate purchases usually involve the services of an escrow agent that holds funds and prepares documents to complete the transaction. Using the high-low method, the estimate of the fixed component of office expense per month is closest to:

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