Instructions Slapshot Company makes ice hockey sticks and sold 1,850 sticks during the month of June at a total cost of $444,000. 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. Labels and Amount Descriptions Refer to the list below for the exact wording of labels or amount descriptions on the income statement. Labels Add For the Month of June June 30 Less Selling expenses Amount Descriptions Administrative expenses Commissions Cost of goods manufactured Cost of goods sold Fixed selling expenses Gross margin Operating income Operating loss Purchases Sales revenue Total selling expenses Prepare an income statement for Slapshot for the month of June. Refer to the list of Labels and Amount Descriptions for the exact wording of text entries on the income statement. Be sure to complete the statement heading Slapshot Company Income Statement For the Month of June 1 Sales revenue $740,000.00 444,000.00 2 Cost of goods sold Gross margin 3 $296,000.00 4 Less: s Selling expenses: Commissions 6 $74,000.00 63,700.00 7 Fixed selling expenses Administrative expenses 9 Operating income