The static budget for Practical Company is based on expected sales of 20,000 units for the upcoming period. At this sales volume, its budgeted income is as follows: Total Sales $1,000,000 Less variable costs: Manufacturing costs 400,000 Selling & administrative costs 240,000 Contribution margin 360,000 Less fixed costs: Manufacturing costs 50,000 Selling & administrative costs 75,000 Net Income $235,000 ======= Actual sales were 22,000 units. Budgeted net income based on the flexible budget of 22,000 units would be ?