Slapshot Company makes ice hockey sticks and sold 1,860 sticks during the month of June at a total cost of $409,200. Each stick sold at a price of $380. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $64,600. Administrative expense totaled $53,500. Required: Prepare an income statement for Slapshot for the month of June. Income Statement 1 Sales revenue 2 Cost of goods sold 3 Gross margin 4 Less: 5 Selling expenses: 6 Commissions $706,800.00 409,200.00 $297,600.00 $70,680.00 7 Fixed selling expenses 64,600.00 8 Administrative expenses 53,500.00 9 Operating income