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Question 1 10pts Examine the following income statement. What is the value of...

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Accounting

Question 1
10pts
Examine the following income statement. What is the value of NMC?(Round your answer to the nearest dollar. Do not enter the dollar symbol.)
Table 1. Hypothetical Income Statement
Total Sales Revenue
$10,676,229
Cost of Goods Sold
Parts & Materials $2,500,000
Direct Labor $1,000,000,$3,500,000$?????
Gross Profit Margin
Marketing Expenses
Salesforce Expenses $1,500,000
Sales Commissions $500,000
Trade and Media Advertising $300,000
Point-Of-Sale Materials $100,000
Coop Ad Allowances $500,000
Shipping Expenses $800,000
$3,700,000
Manufacturing Overhead
$800,000
General & Administrative Expenses
Administrative Overhead $250,000
Executive Salaries & Benefits $400,000
$650,000
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