Paulis Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as one tenant-day. During February, the kennel budgeted for 4,000 tenant-days, but its actual level of activity was 3,980 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for February: Data used in budgeting: Fixed variable element element per per month tenant-day $30.50 Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 3,000 400 8,000 7,800 $19,200 $ 6.50 11.30 3.50 0.50 $21.80 Actual results for February: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $ 107,780 $ 23,500 $ 36,790 $ 19, 250 $ 9,140 The net operating income in the planning budget for February would be closest to: Multiple Choice $15,600 $19,006 $15,426 $19,100