mod ships (Brewer) ecision Making (Brewer) Analysis (Brewer) Performance ncial Statement N/A Sales in units Sales revenue Less: Cost of goods sold Gross margin Less: Operating expenses Shipping expense Advertising expense Salaries & commissions Insurance expense Depreciation expense Total operating expenses Net income Central Valley Company Comparative Monthly Income Statements March April Q Search 5,000 $700,000 370,000 330,000 61,500 70,000 160,800 9,000 42,000 343,300 $(13,300) 4,500 $630,000 342,000 288,000 56,000 70,000 143,000 9,000 42,000 320,000 $(32,000) May 5,250 $735,000 379,000 356,000 65,000 70,000 161,500 9,000 42,000 347,500 $8,500 Problems June 6,000 $840,000 426,000 414,000 Required: 1. Management is concerned about the losses experienced during the spring and would like to know 71,000 70,000 180,500 9,000 42,000 372,500 $ 41,500