Waterway Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of $2,600$ kits was prepared for the year. Fixed operating expenses account for $75\%$ of total operating expenses at this level of sales.

Sales

$$260,000$

Cost of goods sold $($all variable$)$

Gross margin

$\backslash$table$[[179,400],[80,600],[70,000],[$$$,10,600$