Reflector Glass Company prepared the following static budget for the year. Static Budget Units/Volume Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income/(Loss) 5,000 Per Unit $3 $15,000 1.5 7,500 7,500 4,000 $3,500 If a flexible budget is prepared at a volume of 9,700 units, calculate the amount of operating income. The production level is within the relevant range.