The Minccino Companys most recent contribution format income statements show sales volume of 50,000 units, total sales of 550,000; variable expenses of 275,000; and fixed expenses of 50,000. The firm pursued a strategy that increased the unit selling price by 12% and increased the variable expenses by 0.60 per unit resulting in a decreased number of units sold by 10%. The NET OPERATING INCOME would amount to ___________.