Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sales for the year are $730,000 and cost of goods sold is 40% of sales. The expected selling expenses are $81.000 and the expected general and administrative expenses are $90.000, which includes $23,000 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is: $438,000 . OB. 5186.900 OC $267,000 OD $84.700 O E $80.100