Tolentino Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During November, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 3,020 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for November:

Data used in budgeting:

	Fixed element per month	Variable element per tenant-day
Revenue		$29.10
Wages and salaries	$1,800	$6.00
Expendables	700	10.30
Facility expenses	7,300	3.40
Administrative expenses	4,900	0.60
Total expenses	$14,700	$20.30

Actual results for November:

Revenue	$82,682
Wages and salaries	$19,360
Expendables	$33,162
Facility expenses	$13,370
Administrative expenses	$5,735

The net operating income in the flexible budget for November would be closest to:

$26,576

$11,700

$26,400

$11,876