General Motors says that the shortage of chips is driving production cuts in its factories. The auto industry is now one of the largest purchasers of computer chips and the worldwide supply cannot keep up. So General Motors is going shut down three plants until there are chips for assembly. In the Income statement there will be impact in all of the below areas EXCEPT: Dividends could be cut and less will be going to the shareholders cost of goods sold could be going higher as they might have increased raw materials costs for these chips O Marketing costs could go up to ensure demand and to align customer expectations and satisfaction o labor costs in the plants could increase when the chips come back in for overtime pay to catch back up