The actual information pertains to the month of January. As a part of the budgeting process, Gina Door Knobs Company developed the following static budget for January. Gina Door Knobs is in the process of preparing the flexible budget and understanding the results.

	Actual Results	Flexible Budget	Static Budget
Sales volume (in units)	22,000		23,500
Sales revenues	900,000	?	1,292,500
Variable costs	360,000	?	470,000
Contribution margin	540,000	?	686,090
Fixed costs	275,300	?	269,500
Operating profit	264,700	?	416,590

The flexible budget will report ________ for operating profits.