Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $280,000, variable expenses of $146,100, and traceable fixed expenses of $68,300. The Alpha Division has sales of $590,000, variable expenses of $327,800, and traceable fixed expenses of $128,700. The total amount of common fixed expenses not traceable to the individual divisions is $129,200. What is the company's net operating income?

Multiple Choice

$199,100

$69,900

$396,100

$262,200