Prepare the Operating Expenses section of the Income Statement for Sanjam Company at yearend,March 31,2016.The Gross Profit for Sanjam Petit Fours is $36,500 and for Chocolates it is $102,350.(Hint: The first line of your partial Income Statement after the heading should be Operating Expenses,and the final line should be Total Indirect Expenses.Include Contribution Margin in its proper place. )

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The Answer of Prepare the Operating Expenses section of the Income Statement for Sanjam Company at yearend,March 31,2016.The Gross Profit for Sanjam Petit Fours is $36,500 and for Chocolates it is $102,350.(Hint: The first line of your partial Income Statement after the heading should be Operating Expenses,and the final line should be Total Indirect Expenses.Include Contribution Margin in its proper place. )

Prepare the Operating Expenses Section of the Income Statement for Sanjam