Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blanket

[answerhappygod]

Blossom Monograms sells stadium blankets that have been
monogrammed with high school and university emblems. The blankets
retail for $50 throughout the country to loyal alumni of
over 3,500 schools. Blossom’s variable costs
are 40% of sales; fixed costs are $118,000 per month.
Assume that variable costs increase to 40% of the current
sales price and fixed costs increase by $15,000 per month.
If Blossom were to raise its sales price 10% to
cover these new costs, but the number of blankets sold were to drop
by 5%, what would be the
new annual operating
income? (Round sales price to 2 decimal places,
e.g. 52.75 and final answer to 0 decimal places, e.g.
5,275.)