The following static budget is provided: Units Sales Less variable costs: Manufacturing costs 23,000 Units $230,000 $ 80,500 Selling and administrative costs $ 55,200 Contribution margin Less fixed costs: $ 94,300 Manufacturing costs $ 32,200 Selling and administrative costs $ 17,250 Net Income $ 44,850 What will budgeted net income equal if 24,000 units are produced and sold? (Do not round intermediate calculatic Multiple Choice $48,950 $240.000