Grouper, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 63,904,000 $ 23,850,000 $ 6,133,000 $ 93,887,000 Variable cost of goods sold 30,880,000 13,880,000 3,526,000 48,286,000 Fixed cost of goods sold 9,007,000 5,000,000 700,000 14,707,000 Gross profit 24,017,000 4,970,000 1,907,000 30,894,000 Variable operating expenses 8,014,000 1,500,000 866,000 10,380,000 Fixed operating expenses 4,013,000 1,000,000 312,000 5,325,000 Allocated corporate costs 3,002,000 2,035,000 1,008,000 6,045,000 Operating income $ 8,988,000 435,000 $ (279,000) $ 9.144,000