Required information The Foundational 15 (Static) [LO5-1, LO5-2, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7] [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income Foundational 5-5 (Static) $ 20,000 12,000 Net operating income 8,000 6,000 $ 2,000 5. If sales decline to 900 units, what would be the net operating income?

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