Ivanhoe Corporation, a publicly traded company, is preparing the interim financial data which it will issue to its stockholders and the Securities and Exchange Commission $($SEC$)$ at the end of the first quarter of the $20172018$ fiscal year. Ivanhoe$$s financial accounting department has compiled the following summarized revenue and expense data for the first quarter of the year. Sales revenue $$56,000,000$ Cost of goods sold $35,200,000$ Variable selling expenses $870,000$ Fixed selling expenses $2,720,000$ Included in the fixed selling expenses was the single lump$-$sum payment of $$1,810,000$ for television advertisements for the entire year. Ivanhoe Corporation must issue its quarterly financial statements in accordance with generally accepted accounting principles regarding interim financial reporting. Should Ivanhoe report its operating results for the quarter as if the quarter were a separate reporting period in and of itself, or as if the quarter were an integral part of the annual reporting period. $.$ The company report its quarterly results as if each interim period is an integral part of the annual period. State how the sales revenue, cost of goods sold, and fixed selling expenses would be reflected in Ivanhoe Corporation$$s quarterly report prepared for the first quarter of the $20172018$ fiscal year. IVANHOE CORPORATION INCOME STATEMENT $20172018$ $