Develop a profit-and-loss statement for a company that had $100 million in net sales last year. Cost of goods sold represents 35% of net sales. Marketing expenses include selling expenses, promotion expenses, and freight. Selling expenses include sales salaries totaling $6 million per year and sales commissions (8% of sales). The company spent $16 million on advertising last year, and freight costs were 5% of sales. Other costs include $2,500,000 for managerial salaries and expenses for the marketing function and another $5 million for indirect overhead allocated to the division