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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

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 $ 24,500
Variable expenses 13,500
Contribution margin 11,000
Fixed expenses 7,700
Net operating income $ 3,300

Required:

If the selling price increased by $2.50 per unit and the sales volume decreased by 100 units, what would be the net operating income? (Do not round intermediate calculations.)

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