The following static budget is provided: 24,000 Units $240,000 Units Sales Less variable costs: Manufacturing costs Selling and administrative costs Contribution margin $ 84,000 $ 48,000 $108,000 Less fixed costs: Manufacturing costs Selling and administrative costs Net Income $ 26,400 $ 13,200 $ 68,400 What will budgeted net income equal if 22,000 units are produced and sold? (Do not round intermediate calculations.) Multiple Choice $44,400 $59,400 $28,800 $480,000