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The Foundational 15 (Algo) [LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8]

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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	$ 25,000
Variable expenses	17,500
Contribution margin	7,500
Fixed expenses	4,200
Net operating income	$ 3,300

Foundational 6-7 (Algo)

7. If the variable cost per unit increases by $1, spending on advertising increases by $1,150, and unit sales increase by 130 units, what would be the net operating income? (Round "Per Unit" calculations to 2 decimal places.)