$8,750,000 FRIGID MOTORS INC. 3. Income Statement For the Month Ended July 31, 2016 Sales Variable cost of goods sold (35,000 unitsx$175 per unit) 4. Variable selling and administrative expenses 5. Fixed costs: Fixed manufacturing costs Fixed selling and administrative expenses Operating Income 6,125,000 $2,625,000 1,150,000 $1.475,000 S637,500 200,000 837,500 $ 637,500 15. Fill in the blanks