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 Selling price $ 30.00 Variable expenses Invoice cont $ 9.50 Sales commission 5.50 Total variable expenses $ 15.00 Annual Fixed expenses Advertising $ 36,000 Rent 23,000 Salaries 130.000 Total fixed expenses $ 189,000 3. If 12,100 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)