The following static budget is provided:

Units		20,000	Units
Sales	$	200,000
Less variable costs:
Manufacturing costs	$	70,000
Selling and administrative costs	$	40,000
Contribution margin	$	90,000
Less fixed costs:
Manufacturing costs	$	22,000
Selling and administrative costs	$	17,000
Net income	$	51,000

What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.)

Multiple Choice

• $94,500

• $53,550

• $210,000

• $55,500