Calgary Industries is preparing a budgeted income statement. Predicted sales for the year are $$690,000$ and cost of goods sold is $40\%$ of sales. The expected selling expenses are $$77,000$ and the expected general and administrative expenses are $$86,000,$ which includes $$19,000$ of depreciation. The company's income tax rate is $30\%.$ Budgeted net income is:

Multiple Choice

$$414,000.$

$$251,000.$

$$75,300.$

$$175,700.$

$$84,900.$