Nocum Corporation has provided the following contribution format income statement.All questions concern situations that are within the relevant range. 
If sales decline to 2,900 units, the net operating income would be closest to:
Definitions:
Risk Premium
The extra return over the risk-free rate that investors require to compensate them for the risk of holding a risky asset.
Risk Aversion
A person's or entity's reluctance to take risks, preferring lower returns with known risks over higher returns with unknown risks.
Total Risk
The complete range of possible risks, including both systematic and unsystematic risks, that can affect the value of an investment.
Portfolio Returns
The gain or loss on an investment portfolio over a period of time, reflecting the overall performance of the investments.
Q21: The unit product cost under absorption costing
Q25: The Stephens Leadership Center provides training seminars
Q27: The Southern Division's break-even sales is closest
Q35: How many dolls were started in the
Q40: The equivalent units for labor and overhead
Q45: Using the high-low method, the estimate of
Q75: Marlow Corporation uses the FIFO method in
Q90: How many units were started AND completed
Q116: The break-even in monthly dollar sales is
Q140: Spiess Corporation has two major business segments--Apparel