From the planning budget, you collect the following information: Total sales = $40,000, and sales volume of 5,000 units. The contribution margin ratio = 25.00% and total fixed expenses = $8,000. Actual total sales were 4,500 units at a sale price of $10.00 per unit. The revised contribution margin ratio was 30.00% and actual fixed expenses totaled $10,000. Compute Net Income for the Flexible Budget. $1,000 $2,000 $7,000 $9,000