Charlotte Corporation's contribution margin ratio is 76% and its fixed monthly expenses are $ 32,000. Assume that the company's sales for May are expected to be $ 91,000.

Value 12.50 points Charlotte Corporation's contribution margin ratio is 76% and its fixed monthly expenses are 32,000. Assume that the company's sales for May are expected to be $91,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating income