Snider Corporation, a publicly traded company, is preparing the interim financial data which it will issue to its shareholders at the end of the first quarter of the 20142015 fiscal year. Sniders financial accounting department has compiled the following summarized revenue and expense data for the first quarter of the year. Sales revenue $72,000,000 Cost of goods sold 43,200,000 Variable selling expenses 1,200,000 Fixed selling expenses 3,600,000 Included in the fixed selling expenses was the single lump-sum payment of $2,400,000 for television advertisements for the entire year. Whether Snider should report its operating results for the quarter as if the quarter were a separate reporting period in and of itself, or as if the quarter were an integral part of the annual reporting period. State how the sales revenue, cost of goods sold, and fixed selling expenses would be reflected in Snider Corporations quarterly report prepared for the first quarter of the 20142015 fiscal year. Briefly justify your presentation. SNIDER CORPORATION INCOME STATEMENT 20142015 $