Kiron Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,500 client-visits, but its actual level of activity was 2900 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January Data used in budgeting: Variable element Fixed element per month per client-visit Revenue 33,600 1.900 10,200 Personnel expenses 5 Medical supplies Occupancy expenses Administrative expenses Total expenses $ 6,600 52,300 Actual results for January: Revenue $ Personnel expenses 5 Medical supplies 5 127.218 71,860 24058 Actual results for January: Revenue Personnel expenses $ Medical supplies $ Occupancy expenses Administrative expenses 127,218 71,860 24,058 17,371 $ $ 7,547 The net operating income in the flexible budget for January would be closest to: Select one: a. $13,312 b. $11,500 o c. $15,400 o d. $16,140