True or False question. Bauman Sales Corporation, a merchandising company, reported total sales of $4,069,800 for November. The cost of goods sold (all variable) was $2,351,100, the total variable selling expense was $204,000, the total fixed selling expense was $117,700, the total variable administrative expense was $102,000, and the total fixed administrative expense was $267,000. To answer this you need to first do the following: Prepare a traditional format income statement for November on separate sheet of paper. Afterwards, please answer if the following numbers are accurate! The Gross Margin $1,718,700; Selling and administrative expenses are 690,700

True or False