Kevin Couriers Company prepared the following static budget for the year: Static Budget Units/Volume 5,000 Per Unit Sales Revenue $7.00 $35,000 Variable Costs 1.50 7,500 Contribution Margin 27,500 Fixed Costs 4,000 Operating Income/(Loss) $23,500 If a flexible budget is prepared at a volume of 7,500, calculate the amount of operating income. The production level is within the relevant range. O $4,000 O $23,500 O $11,250 $37,250