are sold, and you authorize a markdown of the remaining inventory minus sign for an operating loss.) High Step Shoe Company Operating Income Statement (Emphasizing Contribution For the Year Ended December 31, 2017 Revenues Operating income (loss) A B D 1 Annual Fixed Costs Unit Variable Data (per pair of shoes) $ 60.00 Rent $ 30,000 2 Selling price 3 Cost of shoes $ 37.00 Salaries 100,000 40,000 4 Sales commission 3.00 Advertising $ 40.00 Other fixed costs 10,000 5 Variable cost per unit Total fixed costs $ 180,000 6 I * create the operating income statement High Step shoe compony is considering an alternative compensation plan, we in which the sales commissions are discontined& fixed salaries are raised by are total of $15,56 original Salary plus commission compensation plen in place. You expect he cost of shoe to rise you plece a firm bulk order for low Shoes & lock in the $37 gr unit. But toward the end of the year, only 9,500 Shoes are sold and you authorte ca markdown of the remaining inventory to 150 per unit Finally all units are sold. Sales people get paid a commission of 5% of the revenies. What is the annual operating income ating loss.) High Step Shoe Company me Statement (Emphasizing Contribution Margin) r the Year Ended December 31, 2017 loss)