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Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,500 units) $284,000 Cost of goods sold (110,000) Gross margin 174,000 Operating expenses

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Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,500 units) $284,000 Cost of goods sold (110,000) Gross margin 174,000 Operating expenses (152,000) Operating income $22,000 Violet is developing the 2020 budget. In 2020 the company would like to increase selling prices by 4.5%, and as a result expects a decrease in sales volume of 14% All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2020? (Round interim calculations to the nearest cent and the final answer to the nearest dollar.) A. $284,001 O B. $255,231 O c. $296,780 OD. $338,329

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