Cullumber sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Sales revenue Variable expenses Total $780,000 Per Unit $52 312,000 20.80 Contribution margin Fixed expenses 468,000 $31.20 306,000 Operating income $ 162,000 (d) Cullumber's managers have determined that variable costs per unit will increase by 15% beginning next month. To offset this increase in costs, they are considering a 12% increase in the sales price. Market research indicates that the price increase will result in a 3% decrease in the number of learning systems Cullumber sells. What will be Cullumber's expected operating income if the price increase is implemented? (Round per unit calculations to 2 decimal places e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) Operating income $