An income statement for Sam's Bookstore for the first quarter of the year is presented below Sun's Bookstore For Quarter Ended March 31 $910.00 Cost of goods sold Gross margin Selling and dinistrative expenses Selling Ministration Wet operating in $10, 146, 264,000 $ 81,000 On average, a book for $70. Variable selling expenses are 55 per book with the reg elingen beg fed. There a r e enses are so weherder being feed The operating coming the common roach for the first quarters Oo oo