Cromwell Roofing Supplies is a distributor of roofing shingles. Cromwell identifies three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2020.
Data:
	Activity	Cost Driver	Quantity of Cost Driver	Cost per Unit
	Placing & paying for shingles	# of Orders	900	$70	per order
	Receiving and storage	# of loads moved	4,100	$50	per load
	Shipping shingles to retailers	# of shipments	1,700	$30	per shipment
For 2020, Cromwell buys 260,000 shingles at an average cost of $3 per shingle and sells them to retailers at an average price of $6 per shingle. Assume Cromwell has no fixed costs and no inventories.
Required:
1.)	Calculate Cromwell's operating income for 2020:
	Operating Income
For 2021, retailers are demanding a 5% discount off the 2020 selling price. Cromwell's suppliers are only willing to give a 4% discount from the 2020 purchase price. Cromwell expects to sell the same quantity of shingles in 2021 as in 2020. If all other costs and cost-driver information remain the same, calculate Cromwell's operating income for 2021.