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Pedulla Inc, which produces and sells a single product, has provided its contribution format income statement for February. Sales (4,400 units) $462,000 Variable expenses 229,680

Pedulla Inc, which produces and sells a single product, has provided its contribution format income statement for February.

Sales (4,400 units) $462,000
Variable expenses

229,680

Contribution margin

232,320

Fixed expenses 97,900
Net operating income

134,420

If the company sells 4,700 units, its net operating income should be closest to:
$94,000
$143,585
$150,260
$134,420

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