Gary King, president of Cullumber Recreation Products, Inc. is concerned about declines that he is beginning to see in the demand for the company's line of old school logo basketballs as new competitors enter the market. At a current contribution margin of $10. the compariy must sell 91,000 basketballs to generate the desired $230,000 in annual operating income. Based on a recent market research report, Gary thinks the company can expect annual sales of only 56,875 basketballs in the future (a (c) X Your answer is incorrect If Gary wants to earn $194,250 in annual net income, how many basketballs must he sell? Assume 30% tax rate. 21044 basketballs e Textbook and Media Sove for Later Attempts: unlimited Submit