Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity as shown below. Complete Outdoor Outfitters's flexible budget at the 104,000-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.

70,000 Units 80,000 Units 104,000 Units

Sales $1,400,000 $1,600,000 ____________

Cost of goods sold 840,000 960,000 ____________

Gross profit on sales $560,000 $640,000 $0

Operating expenses($90,000 fixed) 370,000 410,000 _____________

Operating income $190,000 $230,000 $0

Income taxes (30% of op income) 57,000 69,000 _______________

Net income $133,000 $161,000 $0 _______________

Fill in the blank spaces above