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 $ 30.00 Selling price Variable expenaes Invoice cot Sales commission $ 9.50 5.50 $ 15.00 Total variable expenses Annual 7ixed expenaes Advertising $ 36,000 23,000 130,000 $ 189,000 Rent Salaries Total fixed expenaes 3. If 12,100 pairs of shoes are sold in a year, what would be Shop 48's net operating income (loss)?