Dimitrov Corporation, a company that produces and sells a single product, has provided its contribution format income statement for July.

If the company sells 7,000 units, its net operating income should be closest to:

A) $34,000

B) $38,500

C) $37,979

D) $36,500

Sales (7,100 units) Varlable expenses Contribution margln Flxed expenses Net operating Income $326,600 184,600 142,000 103,500 $38,500