Pearse 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 December,the kennel budgeted for 3,000 tenant-days,but its actual level of activity was 2,980 tenant-days.The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: 
Actual results for December: 
The net operating income in the flexible budget for December would be closest to:
Definitions:
Valuation Techniques
Methods applied to estimate the fair value of assets and liabilities, which can include market, income, and cost approaches.
Service Capacity
The total amount of service activity or output that a company can provide in a given period based on its current resources.
Related Parties
Individuals or entities that have a close association or are in a position to influence the company, including directors, major shareholders, and family members.
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