Surf, Inc. is a retailer of sports equipment. Here is their income statement for the surfboard department. Surfboard Department Traditional Income Statement For the month Ended March 31 Sales 500,000 Cost of Goods Sold (200,000) Gross Profit 300,000 Selling Expenses (150,000) Administrative Expenses (100,000) Operating Income 50,000 The surfboards sell for $200 each. The company purchases the surfboards for $80 each. (This becomes Cost of Goods Sold - Variable) Variable selling expenses are $50 per surfboard. The remaining selling expenses are fixed. Administrative expenses are 40% variable and 60% fixed. How many surfboards were sold? Answer - make sure you show all your work