the estimate net operating income (loss) for February is closest to:

Sonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations Budgeted selling price per unit $ 97 Budgeted unit sales (all on credit): January 10,000 February 12,000 March 13,300 April 15,200 Raw materials requirenent per unit of output 4 pounds Raw materials cost 5 1.00 per pound Direct labor requirement per unit of output 2.5 direct labor-hours Direct labor wage rate $23.00 per direct labore hour Predetermined overhead rate (all variable) $ 9.ce per direct labor- hour Variable selling and administrative expense $ 3.10 per unit sold $ Fixed selling and administrative expense 70,000 per onth Credit sales are collected 30% in the month of the sale 70% in the following month Raw materials purchases are paid 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs The estimated net operating income (oss) for February is closest to