Assume the following information for a merchandising company:

Contribution margin

Variable selling expenses

Net operating income

Fixed administrative expenses

Fixed selling expenses

Variable administrative expenses

$$119,000$

$$25,000$

$$30,000$

$$?$ $$40,000$ $$5,000$

What is the amount of fixed administrative expenses?

Multiple Choice

$$49,000$

$$89,000$

$$79,000$

$$59,000$