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This problem has the wrong answer. I would appreciate the correct one. Thank you Bumpass Corporation's contribution margin ratio is 71% and its fixed monthly

image text in transcribedThis problem has the wrong answer. I would appreciate the correct one. Thank you

Bumpass Corporation's contribution margin ratio is 71% and its fixed monthly expenses are $ 37,000. Assume that the company's sales for May are expected to be $ 96,000. Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. (Omit the "$" sign in your response.)

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