Bryant, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31 Sales revenue Cost of goods sold Gross margin Operating expenses 750,000 300,000 450,000 Selling expense Administrative expense Net operating income $23,560 49,500 73,060 $376,940 6 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 5% of Bryant sells its coats for $300 each. Selling expenses consist of fixed costs plus a commission of sales