Calgary Industries is preparing a budgeted income statement for 2018, Predicted sales for the year are $750,000 and cost of goods sold is 40% of sales. The expected selling expenses are $83,000 and the expected general and administrative expenses are $92,000, which includes $25,000 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is: Multiple Choice O $2.500 $82,500 0 $85,100 0 $192,500. 0 $275,000 0 Multiple Choice o $82.500. o $85,100. o $192,500. o $275,000. o $450,000. Prev 20 of 22 23 Next > Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $750,000 and cost of goods sold is 40% of sales. The expected selling expenses are $83,000 and the expected general and administrative expenses are $92,000, which includes $25,000 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is: Multiple Choice O $82,500 O $85,100 O $192,500 $275 non