of S 0 Required information [The following information applies to the questions displayed below] The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes sold plus a small base salary. The following data pertains to Shop 48 and is typical of the company's many outlets: Selling price Variable expenses: Invoice cost Sales commission Total variable expenses Per Pair of Shoes $ 20.00 $ 6.50 5.50 $12.00 Fixed expenses Advertising Rent Salaries Total fixed expenses Annual $ 42,000 32,000 160,000 $234,000 3. If 28,650 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)? Net operating loss