TB Problem Qu$.5-215($Algo$)$ Sarratt Corporation's contribution margin ratio...

Sarratt Corporation's contribution margin ratio is $71\%$ and its fixed monthly expenses are $$39,000.$ Assume that the company's sales for May are expected to be $$98,000.$

Required:

Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change.

Net operating income