You have been asked to develop a pro forma statement of cash flow for a plaza. The information given to you is listed below. $($Please treat the CAPEX above the line$).$ Property Information: Financial Information: Other Income$/$Parking $\backslash (\backslash$quad $\backslash$$ $1\mathrm{.}50\backslash )$ per sqft Expenses Recoverable from Tenants $\backslash (\backslash$quad $\backslash$$ $2\mathrm{.}50\backslash )$ per sq$.$ft$.$ Current Vacancy equals to $5\backslash \%$ of base rents Expenses Other Recurring CAPEX$/$Improvement Allowance $\backslash [\backslash$$ $700,000\backslash ]$ What is the net operating income for the office plaza based on the pro forma statement of cash flow for a base year you developed?