Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity shown as follows. Complete Outdoor Outfitters's flexible budget at the 109,000-unit level of activity. Assume that the cost of goods sold and variable operating expenses vary directly with sales and that income taxes remain at 30 percent of operating income. Sales 70,000 Units 80,000 Units 109,000 Units $ 1,400,000 $1,600,000 Cost of goods sold 840,000 960,000 Gross profit on sales $ 560,000 $ 640,000 Operating expenses ($90,000 fixed) 370,000 410,000 Operating income $ 190,000 $ 230,000 Income taxes (30% of operating income) 57,000 69,000 Net income $ 133,000 $ 161,000