Katie Enterprises Reports The Year End Information From 20×4 As Follows

Katie Enterprises reports the year-end information from 20X4 as follows: Sales (70,000 units) $560,000 Cost of goods sold 210,000 Gross Margin 350,000 Operating expenses 200,000 Operating income $150,000 Katie is developing the 20X5 budget. In 20X5 the company would like to increase selling prices by 4%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 20X5?