C23 Homework Part 2 Saved Help Save & Exit Submit Check my work 4 5 points Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity shown as follows. Complete Outdoor Outfitters's flexible budget at the 95,000-unit level of activity. Assume that the cost of goods sold and variable operating expenses vary directly with sales and that income taxes remain at 30 percent of operating income. 70,000 Units 80,000 Units 95,000 Units $ 1.400,000 $1,600,000 eBook Sales Cost of goods sold 840,000 960,000 Print Gross profit on sales $ 560,000 $ 640.000 References Operating expenses ($90,000 fixed) 370,000 410,000 Operating income $ 190,000 $ 230.000 Income taxes (30% of operating income) 57,000 69,000 Net income S 133,000 $ 161,000