current year is presented below: $800,000 560.000 240.000 Sales Cost of Goods Sold Gross Margin Operating expenses: Selling Administrative Operating income $98,000 28000 196,000 $ 44,000 On average, a book sells for $50. Variable selling expenses are $5.50 per book, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales revenue, with the remainder being fixed. If book sales increase by 10% during the coming year due to increased demand, by how much should Crandall's operating income Increase? O $24,000 increase $68.800 increase $4,400 increase $12.800 Increase $80,000 increase