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$55,000

Variable expenses33,000

Contribution margin22,000

Fixed expenses14,960

Net operating income$7,040

4. If sales increase to 1,001 units, what would be the increase in net operating income?(Round your answer to 2 decimal places.)