A small manufacturing company with a gross income of $360,000 has the following operating expenses: M&O = $76,000, insurance = $7000, labor = $110,000, utilities = $29,000, debt service = $37,000, and taxes = $9000. The net operating income (NOI) is closest to:

(a) $92,000

(b) $101,000

(c) $138,000

(d) $174,000