Jason owns Blossom Construction, a small general contractor organization that specializes in high-end bathroom renovations. Currently Jason is billing at a flat rate of $34.00 per square foot of the space being demolished. Jason is concerned that his current method results in underbidding his projects and missing out on additional profit. He is putting together an estimate for Sarah, a potential bathroom remodel client, and has determined the following activities are needed to complete the job: Activity Cost Driver Demo of existing space Square Footage Rate $4.90 square foot Estimated Use for Job 700 square feet Cabinet installation Tile installation # of hours $205 /hour 8.00 hours Pieces of tile laid $2.50 /tile Drywall installation Pieces of drywall used $100 /piece of drywall 3,750 pieces 70 pieces Jason would like to add a 30% markup to the cost to arrive at the final bid price. Use Activity-Based Costing (ABC) to answer the following questions. (a) What is the initial pre-markup price for all of the estimated work? (Round intermediate calculations and final answer to 2 decimal places, e.g. 25,000.25.) Initial pre-markup price $