Sharjah Engine Company manufactures and sells diesel engines for use in small farming equipment. For its 2021 budget, Sharjah Engine Company estimates the following: Selling price $ 4,000 Variable cost per engine $ 1,000 Annual fixed costs $4,500,000 Net income $1,200,000 Income tax rate 20% The first-quarter income statement, as of March 31, reported that sales were not meeting expectations. During the first quarter, only 400 units had been sold at the current price of $4,000. The income statement showed that variable and fixed costs were as planned, which meant that the 2021 annual net income