M12 Assessment: Project for Managerial Accounting (MSAT)AnswerSavedHelp opens in a new windowSave & ExitSubmit Item1 Part 1 of 12 4.16 points Check my workCheck My Work button is now enabled1Item 1 Required information Skip to question [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 105,000 Variable expenses 73,500 Contribution margin 31,500 Fixed expenses 27,720 Net operating income $ 3,780