Required information Foundational (LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8) [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales 23,000 $ Variable expenses 13,000 10,000 Contribution margin Fixed expenses 8,500 Net operating income $1,500 Foundational 5-5 5. If sales decline to 900 units, what would be the net operating income? (Do not round intermediate calculations.) Net operating income