Baskin Promotions, 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 73,000 Tehirts: Sales Cost of Goods Sold Gross Profit Operating Expenses ($100,eee is fixed) Operating Income Income Taxes (30% of operating income) Net Income $1,272,390 743,140 529,250 390, 540 138,710 41,613 $ 97,097 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 If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 53.000 T shirts Assume Baskin actually achieves the 53.000 unit sales level, and that net income actually earned at this level was $53.900. A performance report would indicate the net income was