Gunderman Corporation has two divisions: the Alpha Division and the Charlie Division. The Alpha Division has sales of $235,000, variable expenses of $132,600, and traceable fixed expenses of $63,800. The Charlie Division has sales of $545,000, variable expenses of $309,800, and traceable fixed expenses of $121,500. The total amount of common fixed expenses not traceable to the individual divisions is $120,200. What is the company's net operating income?