23. (8 points) Chapala Corp. has prepared the following Master (Static) Budget for the current year based on the manufacture and sale of 62,000 units. Sales $2,604,000 Direct materials 744,000 Direct labor 620,000 Variable manufacturing 372,000 Fixed manufacturing 300,000 Variable selling & admin 186,000 Fixed selling & admin 180,000 Operating income $202,000 For the same period as above Chapala Corp. actually manufactured and sold 68,000 units. Using the format as the Master (Static) Budget Operating Income above, prepare the Flexible Budget and calculate the Flexible Budget Operating Income for the current year