Instructions Slapshot Company makes ice hockey sticks and sold 1,870 sticks during the month of June at a total cost of $486,200. Each stick sold at a price of $420. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $63,600. Administrative expense totaled $53,500. Required: Prepare an income statement for Slapshot for the month of June. Labels and Amount Descriptions 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 Income Statement Income Statement For the Month of June 1 Sales revenue $785,400.00 2 Cost of goods sold 486,200.00 3 Gross margin $299,200.00 4 Less: 5 Selling expenses: 6 Commissions $78,540.00 7 8 9