d$.$ Thad is worried about the selling price. Rumors are circulating that other retro brands of cycles may be revived. If so$,$ the selling

price for the Western Hombre would have to be reduced to $$14,000$ to compete effectively. In that event, Thad also would reduce

fixed expenses to $$1,456,000$ by reducing advertising expenses, but he still hopes to sell $700$ units per year.

What would the net operating income be in this situation?

Note: Negative amount should be indicated by a minus sign.

Net operating income $($loss$)$