Question 11 of 13 3.2/ 4 Oriole sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's Income statement from last month is as follows: Total Per Unit Sales revenue $700,000 $50 Variable expenses 280,000 20,00 Contribution margin 420,000 $30.00 Fixed expenses 288,000 Operating income $ 132,000 (a) (b1) (b2) (c) (d) Your answer is incorrect Oriole's managers have determined that variable costs per unit will increase by 20% beginning next month. To offset this increase in costs, they are considering a 12% increase in the sales price. Market research indicates that the price increase will result in a 2% decrease in the number of learning systems Oriole sells. What will be Oriole's expected operating income if the price increase is implemented? (Round per unit calculations to 2 decimal places e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) Operating income $