\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Marvellous Bakery } \\ \hline Sales revenues & x1 & $475,000 \\ \hline \multicolumn{2}{|l|}{ Cost of goods sold ( 40% of sales revenues) } & $190,000 \\ \hline \multicolumn{2}{|l|}{ Gross margin } & $285,000 \\ \hline \multicolumn{3}{|l|}{ Operating costs: } \\ \hline Salaries fixed & $175,000 & \\ \hline Sales commissions ( 15% of sales) & $71,250 & \\ \hline Depreciation of equipment and fixtures & $22,000 & \\ \hline Insurance for the year & $5,000 & \\ \hline Store rent ( $5,000 per month) & $60,000 & \\ \hline Other operating costs & $50,000 & $383,250 \\ \hline Operating income (loss) & & $98,250 \\ \hline \end{tabular}