Required information [The following information applies to the questions displayed below.] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Served $6,300 Fixed Element per Month Variable Element per Customer Actual Total for Revenue May $ 199,000 Employee salaries and wages $ 70,000 Travel expenses Other expenses $ 49,000 $ 18,000 $ 46,100 $ 1,700 $ 620 $ 127,300 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. 5. What net operating income would appear in Adger's flexible budget for May? Net operating income