Rogers sports sells volleyball kits that it purchases from a sports equipment distributor. the following static budget based on sales of 2,000 kits was prepared for the year. fixed operating expenses account for 80% of total operating expenses at this level of sales.

sales revenue $100,000
cost of goods sold (all variable) 60,000
gross margin 40,000
operating expenses 35,000
operating income $5,000

prepare a flexible budget based on sales of 1,400, 2,500, and 3,500 units

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)