The income statement for Huerra Company for last year is provided below: Sales Less. Variable expenses Total $12,800,000 10.240.000 Unit $256.00 204.80 Contribution margin Less: Fixed expense 2.560,000 1.280,000 51.20 25.60 Net operating income Less: Income taxes @ 30% 1.280.000 384,000 25.60 7.68 Net income $ 896,000 $17.92 The company had average operating assets of $8.000 000 during the year