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 incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $63,700. Administrative expense totaled $53,100. 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 Labels and Amount Descriptions Labels Add Less For the Month of June June Selling expenses Amount Descriptions Administrative expenses Variable commissions Cost of goods manufactured Cost of goods sold Finished goods inventory Fixed selling expenses Gross margin Operating income Operating loss Sales revenue Total selling expenses Income Statement Slapshot Company Income Statement For the Month of June 1 1 Percentage 2 3 4 5 (Label) 6 (Label) 7 8 9 10