Gunderman Corporation has two divisions: the Alpha Division and the Charlie Division. The Alpha Division has sales of $305,000, variable expenses of $153,600, and traceable fixed expenses of $70,800. The Charlie Division has sales of $615,000, variable expenses of $337,800, and traceable fixed expenses of $132,700. The total amount of common fixed expenses not traceable to the individual divisions is $134,200. What is the company's net operating income?