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The management of Reagon Corporation expects sales in January to be $122,000. The company's contribution margin ratio is 69% and it's fixed monthly expenses are

The management of Reagon Corporation expects sales in January to be $122,000.

The company's contribution margin ratio is 69% and it's fixed monthly expenses are $50,000.

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

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