Paulls 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 3,100 tenant-days, but its actual level of activity was 3,080 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 $29.60 Revenue Nages and salaries Food and supplies Facility expenses Administrative expenses Total expenses $ 2,100 300 7,100 6,900 $16,400 $ 5.60 10.40 2.60 0.20 $18.80 Actual results for February Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $106,630 $ 23,410 $36,781 $ 19,160 $ 9, 122 The net operating income in the flexible budget for February would be closest to: Multiple Choice