15. Fill in the blanks (5) FRIGID MOTORS INC. 1. Income Statement For the Month Ended July 31, 2016 Sales Cost of goods sold (35,000 units XS190.00) 2. Selling and administrative expenses ($1,150,000+S200,000) Income from operations S8,750,000 6,650,000 $2,100,000 1,350,000 S 750,000 FRIGID MOTORS INC. 3. Income Statement For the Month Ended July 31, 2016 S8,750,000 Sales Variable cost of goods sold (35,000 units XS175 per unit) 4. Variable selling and administrative expenses 5. Fixed costs: Fixed factory overhead costs Fixed selling and administrative expenses Income from operations 6,125,000 S2,625,000 1,150,000 $1.475.000 S637,500 200,000 837,500 S 637,500