Your help is greatly appreciated!

$22,750 $66,500 ($21,000)

Before the year began, the following static budget was developed for the estimated sales Of 100,000. Sales are sluggish and management needs to revise its budget to 85,000 units Of sales. What is net income at 85,000 units Of sales? Sales Cost Of goods sold Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Cost of goods sold Gross profit Variable sales and administration expenses Fixed sales and administration expenses Income before taxes Taxes Net income O ($33,500) $22,750 $66,500 O ($21,000) $3,500,000 900,000 250,000 80,000 2,230.000 100,000 950,000 220,000 66.000 $ 154,000