The following static budget is provided: 20,000 Units $240,000 Units Sales Less variable costs: Manufacturing costs Selling and administrative costs Contribution margin Less fixed costs: Manufacturing costs Selling and administrative costs Net income $ 72,000 $ 40,000 $128,000 $ 38,000 $ 23,000 $ 67,000 What will budgeted net income equal if 18,000 units are produced and sold? (Do Multiple Choice $47.000 $54.200