The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income Foundational 2-7 (Algo) $ 35,000 21,000 14,000 8,400 $ 5,600 Required: 7. If the variable cost per unit increases by $1, spending on advertising increases by $1,250, and unit sales increase by 150 units, what would be the net operating income? Note: Round "Per Unit" calculations to 2 decimal places.

[The following information applies to the questions displayed below] Osio Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units). Foundational 2-7 (Algo) Required: 7. If the voriable cost per unit increases by $1, spending on advertising increases by $1,250, and unit sales increase by 150 units, what would be the net operating income? Note: Round "Per Unit" calculations to 2 decimal places