Sund Corporation bases its budgets on the activity measure customers served. During April, the company plans to serve 38,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting: Fixed Element per Month Variable Element per Month Revenue --- $2.10 Wages and salaries $25,000 $0.50 Supplies $0 $0.30 Insurance $6,200 $0.00 Miscellaneous expenses $2,500 $0.40 Required: Prepare the companys planning budget for April. What is the net operating income?