Faxio Manufacturing produces and sells a single product. The company has provided its contribution format income statement for August. Sales (7,400 units) Variable expenses Contribution margin Fixed expenses Net operating income $ 259,000 148,000 111,000 87,300 $ 23,700 If the company sells 7,600 units, its net operating income should be closest to: (Do not round intermediate calculations.) Multiple Choice $30,700 $26,700 $23,700 $24,341