Rerun Manufacturing Company is in the process of preparing i 2020 budget and is antipating the following changes 30% increase in the number of units sold 20% increase in the direct material unit cost 15% increase in the direct labor cost per unit 10% increase in the manufacturing overhead cost per unit 14% increase in the sales price 5% increase in the administrative expenses 157 Rerun does not keep any units in inventory The composition of the cost of finished products during 2019 for direct materials, direct labot, and factory shead, respectively, was in the ratio of 3.21. The condensed income statement for 2019 is as follows. Sales (32,eee units) Less sales returns Net sales Cost of Goods Sold Gross Profit Selling Expenses Admin. Expenses Net Income $480, 889 24,000 456,000 308,000 $148,000 $ 62,000 32,000 94,000 $ 54,800 What are estimated net sales for 2020, assuming the sales return/gross sales relationship remains constant