Ivanhoe sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Total $689,000 275,600 413,400 279,000 $ 134,400 Per Unit $53 21.20 $31.80 Ivanhoe's managers have determined that variable costs per unit will increase by 20% beginning next month. To offset this increase in costs, they are considering a 18% increase in the sales price, Market research indicates that the price increase will result in a 2% decrease in the number of learning systems Ivanhoe sells. What will be Ivanhoe's expected operating income if the price increase is implemented? (Round per unit calculations to 2 decimal places e.8. 52.75 and final answer to 0 decimal places, e.g. 5,275.) Operating income