$7.$ Matula CreationsIncorporated sells jerseys decorated for a variety of sport teams. The company has developed the following budget for the coming year based on a sales forecast of $80\mathrm{.}000$ jerseys: Sales $$1,400,000$ Cost of Goods Sold $820,000$ Gross Profit $580000$ Operating Expenses $($$$100,000$ is fixed$)418,400$ Operating Income $161,600$ Income Taxes $(30\%$ of operating income$)48\mathrm{.}480$ Net Income$$113,120$ Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is $30\%$ at all levels of operating income. If the sport teams season is marred due to poor weather, Matula estimates that sales could fall to as as $60,000$ jerseys.