Required information The Foundational 15 (Algo) [LO2-1, LO2-3, LO2-4, LO2-5, LO2-6, LO2-7, LO2-8] [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 Variable expenses Contribution margin Fixed expenses Net operating income $ 105,000 73,500 31,500 27,720 $ 3,780 Foundational 2-7 (Algo) Required: 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,950, and unit sales increase by 290 units, what would be the net operating income? Note: Round "Per Unit" calculations to 2 decimal places.