Snoop's Bakery makes and sells cakes and cookies. Snoop Dogg is concerned about the continued losses shown by the cookie segment and wants to see whether or not the line should be dropped. Sales Variable Expenses Contribution Margin Depreciation of Special Equipment Advertising (Traceable) Allocated Common Fixed Expenses Cookies Cakes $10,500 $20,700 $6,300 $8,750 $4,200 $11,950 $820 $1,400 $750 $720 $4,000 $4,320 The special equipment used to produce cookies has no resale value and does not wear out. If Snoop's Bakery decides to drop the cookie segment, what will the company's new net operating income be? Round your answer to the nearest dollar.