create operating income statement

1 High Step Shoe company is considering an alternative compensation plan, one in which the sales commissions are discontineat fixed salaries are raised! by a total of $15,500 original Salary plus commission compensation plen in place. You expect the cost of shoe to rise, you plece a firm bulk order for low Shoes 2 lock in the $37 per unit, Burt toward the end of the year, only 9,500 shoes are sold and you authorte ce markdown of the remaining inventory to 850 per unit Finally all units are sold. Sales people get paid a commission of 5% of the revenies. What is the annual operating * create the operating income statement A B D 1 Unit Variable Data (per pair of shoes) Annual Fixed Costs 2 Selling price $ 60.00 Rent $ 30,000 3 Cost of shoes $ 37.00 Salaries 100,000 4 Sales commission 3.00 Advertising 40,000 5 Variable cost per unit $ 40.00 Other fixed costs 10,000 6 6 Total fixed costs $ 180,000