The Fashion Shoe Company operates a chain of womens 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 companys many outlets: Per Pair of Shoes Selling price $ 20.00 Variable expenses: Invoice cost $ 5.00 Sales commission 5.00 Total variable expenses $ 10.00 Annual Fixed expenses: Advertising $ 36,000 Rent 25,000 Salaries 125,000 Total fixed expenses $ 186,000. If 18,200 pairs of shoes are sold in a year, what would be Shop 48s net operating income (loss)?