Evan's Electronics Boutique sells a digital camera. The following information was reported for the digital camera last month:

Sales $ 17,600 Variable expenses 9,680 Contribution margin 7,920 Fixed expenses 3,600 Net operating income $ 4,320 Evan's margin of safety in dollars and percentage are closest to:

Group of answer choices

$8,000 and 83%

$9,600 and 120%

$8,000 and 45%

$9,600 and 55%