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Grant's Western Wear is a retailer of western hats located in Atlanta, Georgia. Although Grant's carries numerous styles of western hats. each hat has approximately the same price and invoice purchase cost. as shown 2 6 below, Sales personnel receive large commissions to encourage them to be more aggressive in their sales efforts, Currentlythe economy of Atlanta is really humming, and sales growth at Grant's has been great, However, the business is very competitive, and Grant has relied on its knowledgeable and courteous staff to attract arid retain customers, who otherwise might go to other western wear stores, Also, because ofthe rapid growth in sales, Grant is finding it more difficult to manage certain aspects ofthe business, such as restocking of inventory and hiring and trai rig new salespeople, 2 palms _ Sales pl'lCE 3. 36.6G Pereunit variable costs: Invoice cost 18.60 Sales commissions 5.46 Total perhunit variable costs $ 24.60 Total annual fixed costs: Advertising 3. 24,660 Rent 38,860 Salaries 116)BBG Total fixed costs $188,660 If 24,000 hats were sold Grant's operating income W3) would be: If 24,000 hats were sold, Grant's operating income (Tip) would be: Multiple Choice O $108,000. O $115,200. O $93,600. O $122,400. O $100,800