A watch manufacturer producing and selling affordable watches has the following sales and cost information: Selling price per unit $80 Variable cost per unit $32 Fixed cost is estimated to be $108,000 per quarter. Desired quarterly income is estimated at $96,000 Required:Suppose the fixed costs are $240,000 and the contribution margin rate is 48%. (b) Given the above information if the total sales increases to $800,000 and the Fixed Cost remains the same, calculate the forecast net income or loss. [6] 3 POINTS