Young Medical Supply is a retailer of home medical equipment. Last year, Young's sales revenues totaled $6,800,000. Total expenses were $2,600,000. Of this amount, approximately $1,088,000 were variable, while the remainder were fixed. Since Young's offers thousands of different products, its managers prefer to calculate the breakeven point in terms of sales dollars rather than units. Read the requirements Requirement 1. What is Young's current operating income? Begin by identifying the formula to compute the operating income Sales revenue Variable expenses Fixed expenses Operating income The operating income is