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 4,200 tenant-days, but its actual level of activity was 4,180 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 element per month			Variable element per tenant-day
Revenue		-		$	30.70
Wages and salaries	$	3,200		$	6.70
Food and supplies		600			11.50
Facility expenses		8,200			3.70
Administrative expenses		8,000			0.10
Total expenses	$	20,000		$	22.00

Actual results for February:

Revenue	$	107,980
Wages and salaries	$	23,520
Food and supplies	$	36,792
Facility expenses	$	19,270
Administrative expenses	$	9,144

The net operating income in the planning budget for February would be closest to:

Multiple Choice

$19,254

$16,366

$19,160

$16,540