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Salty Company and Sweet Company compete in the same market. The following budgeted income statements illustrate their cost structures. Salty Sweet Company Company Number of customers 200 200 Sales revenue $30,000 $30,000 Less variable costs 6,000 18,000 Contribution margin $24,000 $12,000 Less fixed costs 19,000 7,000 Net income $ 5,000 $ 5,000 Requked: If Salty Company lowers its price to $135, it will lure 80 customers away from Sweet Company. Prepare Salty's income statement based on 280 customers