Billings Company has developed the following budgeted income statement: Sales Revenue 11,00 3D pri Total Variable 1.700 per Contribution Ted Expen Ses Inc 34,000 115,00 350 The Company is experimenting with new engineering techniques and believes it can reduce variable cost to $7.0 per unit and significantly improve the product. The innovations would double foed costs but the company expects to be able to increase sales to 2.900 units. If this strategy is pursued the company's budgeted net income wit: decrease by 54.750 Increase by 59.650 increase by $19.000 decrease by 53.550