Hollywood Cosmetics Operating Income Statement, June 2020 Units sold 10,000 Revenues 150,000 Variable costs Variable manufacturing costs $ 75,000 Variable marketing costs 13,500 Total variable costs 88,500 Contribution margin 61,500 Fixed costs Fixed manufacturing costs $ $ 28,165 Fixed marketing and administration costs 15,500 Total fixed costs 43,665 $ 17,835 Operating income Requirement 4. If sales in June were only 7,500 units and Hollywood's tax rate is 30%, calculate its net income. Complete the table below to calculate Hollywood's net income if sales were only 7,500 units and Hollywood's tax rate is 30%. (Round the tax expense to the nearest whole number.) Contribution margin Less: Fixed costs Operating income Less: Tax expense Net income