Presented below is information for Oakley Company for the month of March 2020. Rent expense Sales discounts Cost of goods sold Freight-out Insurance expense Salaries and wages expense $254,000 7,500 5,000 75,000 $36,000 8,800 11,000 425,000 Sales returns and allowances Sales revenue OAKLEY COMPANY Income Statement For the Year Ended March 31, 2016 $