Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. Sales $3,760, e00 Cost of sales: Direct material $526,000 380,000 Direct labor Variable overhead 288, 000 Fixed overhead 730,000 1,924,000 Gross profit Selling and General & Admin. Exp. $1,836, 000 Variable 776, 000 Fixed 276,000 1,052, e00 Operating income $ 784,000 For the coming year, the management of Evergreen Corporation anticipates a 5 percent decrease in sales, a 10 percent increase in all variable costs, and a $58,000 increase in fixed costs. The operating profit for next year would be: Multiple Choice $416,000 $694,750. $341,000. $356,000.