J Coronado, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue Cost of goods sold Gross margin Operating expenses Selling expense Administrative expense Net operating income $ 30,000 (a) 57,000 $ 982,400 307,000 675,400 87,000 $ 588,400 Coronado sells its coats for $320 each. Selling expenses consist of fixed costs plus a commission of $6.50 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 5.50% of sales. Prepare a contribution format income statement for January. (Round per unit cost to 2 decimal places, eg. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) &

JCoronado, Ltd, is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31. Coronado sells its coats for 5320 each. Selling expenses consist of fowed costs plus a commission of 5650 per coat Administrative expenses consist of fixed coats plus a variable component ecual to 5.50 ss of sales? (a) to 0 decimal places, es, 5,275)