P on U SOIL ILLUTS Q.3 (9 Marks): CIO2 Na Rock. Inc, sells video games it has purchased from a local distributor. The following statie budete sales of 8.000 games. However, New Rock only sold 7,800 games during the year. Fixed costs are 30% of total operating expenses Sales Cost of goods sold (variable) Gross margin Operating expenses Net income Required: $512,000 230.000 282,000 220,000 $ 62.000 Prepare a flexible budget. 2 of 6