Exercise $23\mathrm{.}10($Algo$)$ Preparing a Flexible Budget $($LO$23-6)$

Outdoor Outfitters has created a flexible budget for the $70,000-$unit and the $80,000-$unit levels 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.

Required:

Complete Outdoor Outfitters's flexible budget at the $101,000-$unit level of activity.

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted.