Question 10 of 11 0.19/1 J Bramble, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue $ 776,500 Cost of goods sold 636,730 139.770 Gross margin Operating expenses Selling expense $ 23,880 Administrative expense 50.290 74,170 Net operating inca ne 65,600 Bramble sells its coats for $250 each. Selling expenses consist of fixed costs plus a commission of $6.50 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 5% of sales. (a) Sales Revenue 776500 250 Variable Expenses Cast of Goods Sold 636730 Selling Expense 23880 6.50 Administrative Expense 50290 Total Variable Expenses 710900 Contribution train Fixed Experves Selling Expense 23000 Administrative pense 50290 74170 Total Fixed Expenses Operating income