Luis Herrera, an up-and-coming fashion designer, created a new line of men's fashion socks in response to the growing number of celebrities who are expressing their individuality by replacing tradition navy and black socks with brighter colors and bold patterns. At a ales price of $9.90 per pav, Luis estimates monthly sales volume will be 21,300 pairs. Variable product costs will be $6.35 per pair and fixed overhead will be $1.70 per pair Half of the fixed overhead is directly traceable to the new sock line. To promote the socks, Herrera procesa 0.50 per pair commission to the company's salespeople and a $10,000 per month advertising campaign. In compliance with corporate policy, the socks will also be allocated $23.400 feed corporate support costs Your answer is partially correct. Try again Prepare a traditional monthly income statement for the proposed sock line. (Enter negative amou using the negative sleeing the number these Luis Herrera Monthly Income Statement Sales revenue 210370 T Compor TO 2000) Opening income (s)