An аnimаl bоаrding cоmpany uses tenant-days as its measure оf activity; an animal housed in the kennel for one day is counted as one tenant-day. During July, the kennel budgeted for 3,100 tenant-days, but its actual level of activity was 3,090 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for the month:Data used in budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue$ 0$33.60Wages and salaries$ 3,500$ 7.40Food and supplies50010.50Facility expenses9,5004.70Administrative expenses6,6000.30Total expenses$20,100$22.90Actual results for the month:Revenue$105,934Wages and salaries$ 27,186Food and supplies$ 32,485Facility expenses$ 24,873Administrative expenses$ 7,557The net operating income in the flexible budget for the month would be closest to: