A company believes that its consumer promotion expenditures are too high and is considering cutting $420,000 from the consumer promotion budget. The management team estimates it will lose 12,000 units in sales if it does, which, in turn, would increase unit costs by $0.80 per unit over what they would have been because of lower experience effects. If, without the budget cut, gross margin would have been an estimated $42 per unit and sales would have been 220,000 units, what is the budget cuts expected net impact to the firms income in the coming period? Remember to use the correct sign for your answer: positive for an increase in income and negative for a decrease.