The following data have been provided by a retailer that sells a single product.

	This Year		Last Year
Unit sold	250,000		200,000
Sales revenue	$ 1,550,000		$ 1,162,500
Cost of goods sold	1,085,000		813,750
Gross margin	465,000		348,750
Selling and administrative expense	341,000		325,500
Net operating income	$ 124,000		$ 23,250

What is the best estimate of the company's total fixed selling and administrative expense per year? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar.)

$0

$124,000

$69,750

$263,500