Required information The following information applies to the questions displayed below Baskin Promotions, Inc. sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 81,000 T-shirts: Sales Cost of Goods Sold Gross Profit Operating Expenses ($100,000 is fixed) Operating Income Income Taxes (308 of operating income) Net Income $1,418,310 831,060 587,250 422,380 164,870 49,461 115,409 Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income. If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 61,000 T-shirts. In a flexible budget for sales of 61,000 T-shirts, how much would Baskin budget for operating expenses