d$.$ Thad is worried about the selling price. Rumors are circulating that other retro brands of cycles may be revived. If so$,$ the selling price for the Western Hombre would have to be reduced to $$10,600$ to compete effectively. In that event, Thad also would reduce fixed expenses to $$1,408,500$ by reducing advertising expenses, but he still hopes to sell $500$ units per year.

What would the net operating income be in this situation?

Note: Negative amount should be indicated by a minus sign.