Check my work Required information. [The following information applies to the questions displayed below.] The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes sold plus a small base salary. The following data pertains to Shop 48 and is typical of the company's many outlets: Selling price Variable expenses: Invoice cost Sales commission Total variable expenses Fixed expenses: Advertising Rent Salaries Total fixed expenses Per Pair of Shoes $ 20.00 $ 5.00 5.00 $ 10.00 Annual $ 36,000 25,000 125,000 $186,000 3. If 18,200 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)?