Current Attempt in Progress Gorham Manufacturing's sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 55,000 units of product: net sales $1,485,000; total costs and expenses $1,732,104; and net loss $247,104. Costs and expenses consisted of the amounts shown below: Total Variable Fixed Cost of goods sold $1,094,104 $779,800 $314,304 Selling expenses 466,000 123,000 343,000 Administrative expenses 172,000 107,000 65,000 $1,732,104 $1,009,800 $722,304