View Policies Current Attempt in Progress Concord, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 63,355,000 $ 26,540,000 $ 6,188,000 $ 96,083,000 Variable cost of goods sold 30,363,000 12,400,000 3,509,000 46,272,000 Fixed cost of goods sold 9,001,000 5,010,000 702,000 14,713,000 Gross profit 23,991,000 9,130,000 1,977,000 35,098,000 Variable operating expenses 8,013,000 1,500,000 854,000 10,367,000 Fixed operating expenses 4,027,000 1,010,000 317,000 5,354,000 Allocated corporate costs 3,010,000 2,008,000 1,003,000 6,021,000 Operating income $ 8,941,000 $ 4,612,000 $ (197,000 ) $ 13,356,000 (a)