Corey Company has divided its business into segments based on sales territories: East Coast, Midland, and West Coast. Following are financial data for 2024:

Data table

	East Coast	Midland	West Coast
Units sold	73	68	50
Sales price per unit	$10,100	$13,400	$11,600
Variable cost per unit	6,464	7,102	6,380

Prepare an income statement for Corey Company for 2024 using the contribution margin format assuming total fixed costs for the company were $475,000. Include columns for each business segment and a column for the total company.

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Part 1

Begin by preparing the contribution margin income statement for each segment, then for the total of the company.

Corey Company

Contribution Margin Income Statement

For the Year Ended December 31, 2024

	East Coast
Units Sold		units
Net Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operating Income