Use the Fixed Budget at 8,000 units to create the Flexible Budget at 7,000 units and 9,000 units. Do not use the dollar sign. Use whole numbers only. Flexible Budget Flexible Budget at Flexible Budget at Budget Fixed Budget 7,000 units 9,000 units Sales Units 8,000 7,000 9,000 Sales 2,800,000 2,450,000 Direct Materials 480,000 540,000 Direct Labor 360,000 Production Supplies 120,000 Plant Manager Salary 72,000 72,000 Total COGS 1,032,000 912,000 Gross Profit 1,768,000 1,538,000 Sales Commissions 160,000 140,000 Packaging 80,000 90,000 Advertising 100,000 100,000 Total Selling Expenses 340,000 310,000 Administrative Salaries 90,000 90,000 Depreciation - Office 25,000 25,000 EquipmentDepreciation - Office 25,000 25,000 Equipment Insurance 20,000 20,000 Office Rent 30,000 30,000 Total Administrative 165,000 165,000 Expenses Net Income 1,263,000 1,063,000