Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income statement for the current year is presented below. $2,480,000 $390,000 290,000 96,000 240,000 Sales Cost of sales: Direct material Direct labor Variable overhead Fixed overhead Gross profit Selling and general Exp. Variable Fixed Operating income 1,016,000 $1,464,000 admin. 340,000 390,000 730,000 $ 734,000 For the coming year, the management of Gardner Corporation anticipates a 10 percent increase in sales, a 12 percent increase in variable costs, and a $59,000 increase in fixed costs. The break-even point for next year (rounded to the nearest dollar) would be: (Do not round intermediate calculations.) Multiple Choice 0 $1.271,644 $1,404,720. $756,635. $824.000