Question: A Moving to the next question prevents changes to this answer. Question 8 Question 8 2.5 points Save Use the following information to answer the

A Moving to the next question prevents changes to this answer. Question 8 Question 8 2.5 points Save Use the following information to answer the question given at the bottom of the table. SBC reported the following 2003 income statement ($ thousands): 2003 Total Revenue $40,843,000 Cost of Revenue 16,653,000 Gross Profit 24,190,000 Selling, General and Administrative Expenses 9,851,000 Other Expenses 7,870,000 Operating Income $ 6,469,000 Project 2004 operating income assuming a 5% decrease in sales and a continuation of the 2003 percentage relation to net sales for expenses. What will be the SG&A in 2004? 9,358,350 O 9,358,450 O 3,330,500 4,891,150
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