Net opening loss? Or net operating income?________

The following data pertains to Shop 48 and is typical of the company's many outlets: Per Pair of Shoes Selling price $ 25.00 Variable expenses : Invoice cost $ 10.50 Sales commission 4.50 Total variable expenses $ 15.00 Annual Fixed expenses: Advertising $ 40,000 Rent 37,000 Salaries 180, 000 Total fixed expenses $ 257,000 Required: 3, If 25,400 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)