The following information is from Beryl Corporation's 2010 income statement. Sales Revenue $1,000,000 Cost of Goods Sold (400,000) Selling and Administrative Expenses (fixed) (50,000) Interest Expense (20,000 Net Income $530,000 Beryl's gross profit is expected to increase by 10% and interest expense is expected to decrease by 20% in 2011. Calculate Beryl's budgeted 2011 net income. $590,000 $594,000 $494,000 $644,000 $534,000