Murphree Clinic uses client-visits as its measure of activity. During April, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,350 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for April: 
-The net operating income in the flexible budget for April would be closest to:
Definitions:
Business Cycle
The fluctuations in economic activity over time, characterized by periods of expansion (growth) and contraction (recession) in the economy.
Business Activity
The aggregate economic actions carried out by companies, including production, sales, and services, influencing the overall economic health.
Index of Leading Indicators
A composite of economic variables that predicts future economic activity, aiding in economic forecasting.
Recessions
Periods of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.
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