2 pts Susker Styles, Inc. sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts: Sales $ 1.400,000 Cost of Goods Id 820,000 Gross Profit 580,000 Operating Expenses ($100,000 is fixed) 418,400 Operating Income 161,600 Income Taxes (30% of operating income) 48,480 Net Income $ 113,120 Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income. Assume Susker actually achieves the 60,000 unit sales level, and that net income actually earned at this level was $70,000. A performance report would indicate that net income was: O $2,660 over budget. O $43,120 under budget. ells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts: 2 pts Sales Cost of Goods Sold Gross Profit Operating Expenses ($100,000 is fixed) Operating Income Income Taxes (30% of operating income) Net Income $ 1,400,000 820.000 580.000 418,400 161,600 48,480 113,120 Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income. $ Assume Susker actually achieves the 60,000 unit sales level, and that net income actually earned at this level was $70,000. A performance report would indicate that net income was: O $2,660 over budget. $43,120 under budget. O $90,000 under budget. O At the budgeted level