Chapter 5 Foundational ! 5 Part 5 of 15 10 points Saved Required information [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 $ 45,000 Variable expenses 31,500 Contribution margin 13,500 Fixed expenses 8,640 Net operating income $4,860 5. If sales decline to 900 units, what would be the net operating income? Net operating income eBook References