Data: Alpine, Inc., has been experiencing losses for some time, as shown by its most recent income statement: ALPINE, INC. Income Statement For the year ended June 30, 2016 $480,000 Sales (40,000 Units at $12) Less: Cost of Goods Sold $120,000 Direct Materials Direct Labor 65,600 90,000 275,600 Manufacturing Overhead Gross Margin 204,400 Less: Operating expenses: Selling expenses: Variable: $38,400 Sales Commissions Shipping 14,000 52,400 110,000 Fixed (Advertising, salaries) Administrative expenses: Variable (billing, other) 3,200 Fixed (salaries, other) 85,000 250,600 $(46,200) Net Loss