Kramer Enterprises reports year-end information from 2015 as follows: Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260.000 Operating income $60.000 Kramer is developing the 2016 budget. In 2016 the company would like to increase selling prices by 12.5% and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. al What is budgeted sales for 2016? b) What is budgeted cost of goods sold for 20167$