A company has two product lines, Premium and Regular. Selected data on the company's two product lines for the most recent period are as follows: Sales Contribution Margin Contribution Margin Ratio Traceable Fixed Expenses Premium Division Regular Division $300,000 ? ? $70,000 ? 40% $ 40,000 $ 65,000 Q. If the company reported Net Operating Income of $12,000, what were the company's total common fixed expenses? ANS. $