Question 1 (4 points) Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to their sales. Fixed costs for selling kayaks (storage, staff, etc.)=$500 per year Price to buy one kayak at Lovelace=$620 Average # of kayaks sold per month last year=4 Wholesale price of kayaks=$280 per kayaks What is the total revenue that Lovelace receives for kayaks for the year? (Note: Use two decimal places. The unit is $ or %.) Your Answer: Answer units