Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. The Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Tannenhill Company Electronics Industry Average: 2 Sales $4,580,000.00 100.0% Cost of goods sold 2,381,600.00 59.0 Gross profit $2,198,400.00 41.0% Selling expenses $1,213,700.00 22.5% 6 Administrative expenses 732,800.00 14.0 Total operating expenses $1,946,500.00 36.5% Operating income $251,900.00 4.5% Other income 104,000.00 23 10 $355,900.00 6.8%