Can you please provide me with answer and formula for the following question?

Can you please provide me with answer and formula for the following question? Thank you. Mitch Corporation’s contribution margin ratio is 31% and its fixed monthly expenses are $82,000. If the company’s sales for a month are $858,000, what is the best estimate of the company’s net operating income? Assume that the fixed monthly expenses do not change.a) $190,980b) $180,980c) $183,980d) $193,980

Mitch Corporation’s contribution margin ratio is 31% and its fixed monthly expenses are $82,000. If the company’s sales for a month are $858,000, what is the best estimate of the company’s net…

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