The corporation bases its budgets on the activity measure ' customers served'. During the month, 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/Salaries $25,000 .50c

Supplies $0 .30c

Insurance $6,200 $0.00

Misc Exp $2,500 .40c

Prepare the company's planning budget for the month. What is the net operating income?