Solve the below problem:
Q: Toye Corporation has provided its contribution format income statement for March. If the company's sales increase by 12%, its net operating income should increase by about:
| Sales |
$394,800 |
| Variable Expense |
$260,400 |
| Contribution Margin |
$134,400 |
| Fixed exp |
$113,200 |
| Net Operating income |
$21,200 |