Actual Master Budget Sales (units) 850,000 800,000 Sales Revenue 5,790,000 6,000,000 Variable Costs Materials 1,800,000 1,800,000 Direct labor 495,000 420,000 Manufacturing Overhead 717,000 780,000 Total Variable Costs 3,012,000 3,000,000 Contribution Margin 2,778,000 3,000,000 Fixed Costs Building 1,164,000 1,200,000 Administrative 195,000 225,000 Total Fixed Costs 1,359,000 1,425,000 Total Profit 1,419,000 1,575,000 What will be the value of the flexible budget net income or net loss? (indicate if the figure is a net income or a net loss)