3. The annual revenue at Sunshine Restaurant in 2019 was $1,500,000. The fixed costs were $182,000 and the variable costs were $858,000. COVID-19 caused a substantial reduction in revenue in 2020 and for 2021, the owner re-forecasted revenues down to $1,100,000. What should the fixed costs be under the new budget?(Up to 50 words to answer)

3. The annual revenue at Sunshine Restaurant in 2019 was $1,500,000. The fixed costs were $182,000 and the variable costs were $858,000. COVID-19 caused a substantial reduction in revenue in 2020 and for 2021, the owner re-forecasted revenues down to $1,100,000. What