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 83,000 T-shirts Sales Cost of Goods Sold Gross Profit perating Expenses ($100,000 Operating Income Income Taxes (30% of operating income) Net Income $1,454,990 853,240 601,750 430,340 171,410 51,423 $ 119,987 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 63,000 T- shirts a flexible budget for sales of 63,000 T-shirts, how much would Baskin budget for operating expenses? Multiple Choice $250,740 $350,740 $430,340 $330,340