Calgary Industries is preparing a budgeted income statement for 2015 and has accumulated the following information. Predicted sales for the year are $ 730,000 and cost of goods sold is 40% of sales. The expected selling expenses are $81,000 and the expected general and administrative expenses are $90,000, which includes $23,000 of depreciation. The companies income tax rate is 30%. The budgeted net income for 2015 is: A) $186,900 B) $80,100 C) $438,000 OD) $84,700 O E) $267,000