Exercise 6-1 Marigold Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 2,000 kits was prepared for the year. Fixed operating expenses account for 80% of total operating expenses at this level of sales. Sales Revenue Cost of goods sold (all variable) Gross margin Operating expenses Operating income $100,070 60,200 39,870 35,240 $4,630 Prepare a flexible budget based on sales of 1,403, 2,970, and 3,780 units. (Round unit values to 2 decimal places e.g. 15.25 and all other answers to 0 decimal places, e.g. 145. If operating income is negative, enter amounts using a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Unit 1,403 2,970 3,780 Click if you would like to Show Work for this question: Open Show Work