Selected account balances for the year ended December 31 are provided below for BX| Company: $110,000 $290,000 $93,000 Selling and administrative salaries .. Purchases of raw materials ... Direct labor... Advertising expense Manufacturing overhead. Sales Commissions ... . $80,000 $270,000 $50,000 Inventory balances at the beginning and end of the year were as follows: End of the Year Beginning of the Year $40,000 $20,000 $50,000 Raw materials ... Work in process.. Finished goods ... $10,000 $35,000 $58,000 The total manufacturing costs for the year were $683,000; the goods available for sale totaled $740,000; and the cost of goods sold totaled $660,000. If Sales were $1,000,000, please calculate Gross Margin, Net Operating Income, and the implied percentage for sales commissions. (Show the traditional income statement format to provide this information.)