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Needed: net operating income answer Traditional Format Income Statement For the Next Quarter Sales 2,535,000 Cost of goods sold 1,248,000 Selling and administrative expenses: Sales

Needed: net operating income answer

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Traditional Format Income Statement For the Next Quarter Sales 2,535,000 Cost of goods sold 1,248,000 Selling and administrative expenses: Sales commissions $ 126,750 Advertising expense 188,000 V Shipping expense 198,000 Administrative salaries 98,000 Insurance expense 10,800 Depreciation expense 68,000 Total selling and administrative expenses 689,550 Net operating income V $ 1,663,950 X

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