Required information

The Foundational 15 [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	$	35,000
Variable expenses		21,000
Contribution margin		14,000
Fixed expenses		8,400
Net operating income	$	5,600

4. If sales increase to 1,001 units, what would be the increase in net operating income? (Round your answer to 2 decimal places.)