FID Enterprises reports year$-$end information from $2024$ as follows:

Sales $(161,250$ units$)$ $$964,000$

Cost of goods sold $(645,000)$

Gross margin $319,000$

Operating expenses $(267,000)$

Operating income $$52,000$

Advanced is developing the $2025$ budget. In $2025$ the company would like to increase selling prices by $13\mathrm{.}5\%,$ and as a result expects a decrease in sales volume of $9\%.$ 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.

The budgeted sales for $2025$ is:

FID Enterprises reports year$-$end information from $2024$ as follows:

Sales $(161,250$ units$)$ $$964,000$

Cost of goods sold $(645,000)$

Gross margin $319,000$

Operating expenses $(267,000)$

Operating income $$52,000$

Advanced is developing the $2025$ budget. In $2025$ the company would like to increase selling prices by $13\mathrm{.}5\%,$ and as a result expects a decrease in sales volume of $9\%.$ 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.

The budgeted sales for $2025$ is:

$$1,094,140$

$$964,000$

$$995,667$

$$877,240$