Problem D2-25 Bryant, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue Cost of goods sold Gross margin Operating expenses $750,000 300,000 450,000 $23,560 Selling expense Administrative expense 49,500 73,060 Net operating income s 376,940 Bryant sells its coats for $300 each. Selling expenses consist of fixed costs plus a commission of $6 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 5% of sales