Given the following cost and activity observations for Somerford Company's utilities, use the high-low method to determine Somerford's fixed costs per month. Do not round your intermediate calculations, but round your final calculation to the nearest dollar amount. Somerford's fixed cost is closest to: January February March April Cost 56,200 75,000 57.000 64,000 Machine Hours 20,400 29,000 22,000 24,500 $22,800 $50,600 $11,605 $2,530