Figure 2-3. Bartlow, Inc. had the following Income Statement for the month of May. Sales Revenue $428,000 Cost of Goods Sold 205,440 Gross Margin 222,560 Less: Selling Expenses 81,320 Administrative Expenses 72,760 Operating Income $ 68,480 Refer to Figure 2-3: What was the sales revenue percent? Answer 100% 48% 52% 16%