I need help with this general accounting question using the proper accounting approach.

Summit Industries has variable cost of goods sold of $840,000 and fixed cost of goods sold of $560,000. The company incurs variable selling and administrative expenses of $410,000 and fixed selling and administrative expenses of $720,000. If Summit's sales revenue is $2,350,000, calculate the company's net income or loss. Additionally, what percentage of sales does the net income or loss represent