Instructions Slapshot Company makes ice hockey sticks and sold 1,850 sticks during the month of June at a total cost of $425,500. Each stick sold at a price of $400. Slapshot also incurr types of soling costs: commissions equal to 10% of the sales price and other seling expense of $63,700. Administrative expense totaled $63,100 Required: Prepare an income statement for Slapshot for the month of June and calculate the percentage of sales revenue represented by each line of the income statement CengageNoWV2 Onl alculator Income Statement Percentages Instructions Labels and Amount Descriptions Income Statement Instructions Income Statement rur me MONCITO June Percentage Sales revenue $740,000.00 3 Cost of goods sold 425,500.00 Gross margin $314,500.00 5 Selling expenses: Variable commissions: Fixed selling expenses $63,700.00 Administrative expenses 53,100.00 9 Operating income 10,600.00