The following static budget is provided: 20,000 Units $200,000 Units Sales Less variable costs: Manufacturing costs Selling and administrative costs Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs Net income $ 70,000 $ 40,000 $ 90,000 $ 22,000 $ 17,000 $ 51,000 What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.) Multiple Choice $55,500 $210,000 $94,500 $53,550