Sarratt Corporation's contribution margin ratio is 72% and its fixed monthly expenses are $40,000. Assume that the company's sales for May are expected to be $99,000.

Sarratt Corporation's contribution margin ratio is 72% and its fixed monthly expenses are $40,000. Assume that the company's sales for May are expected to be $99,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating income