Bobcat has the following fixed budget at sales of 5,000 Units. Fixed Budget Account Amount Sales 250,000 Direct Materials 10,000 Direct Labor 20,000 Production Supplies 2,500 Factory Depreciation 40,000 COGS 72,500 Gross Profit 177,500 Sales Commissions 25,000 Advertising 45,000 Administrative Salaries 50,000 Rent 12,000 Net Income 45,500 What is Bobcat's Net Income at 5,500 units