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: Per Pair of Shoes $ 40.00 Selling price Variable expenses : Invoice cost Sales commission Total variable expenses $ $ 14.00 6.00 20.00 Annual Fixed expenses: Advertising Rent Salaries Total fixed expenses $ 49,000 41,000 195,000 $ 285,000 3. If 13,650 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)