Fashionisto Inc. is an upscale clothing store in New York City and London. Each store has two main departments, Men's Apparel and Women's Apparel. Marie Phelps, Fashionisto's CFO, wants to use strategic performance 

measurement to better understand the company's financial results. She has decided to use the profit center method to measure performance and has gathered the following information about the two stores and the two departments of the New York City store:

 

Total net sales $ 4,500,000

Fixed costs

Partly traceable and controllable 300,000

Partly traceable but noncontrollable 270,000

Nontraceable costs 120,000

Total net sales (percent)

London store 40 %

New York store 60

New YorkMen's Apparel 40

New YorkWomen's Apparel 60

Cost of goods soldvariable (percent of sales)

London store 52 %

New YorkMen's Apparel 45

New YorkWomen's Apparel 60

Variable operating costs (percent of sales)

London store 36 %

New YorkMen's Apparel 22

New YorkWomen's Apparel 32

Fixed controllable costspartly traceable (percent of total)

London store 40 %

New York total 40

Men's Apparel 45

Women's Apparel 40

Could not be traced to Men's or Women's Apparel 15

Could not be traced to London or New York 20

Fixed noncontrollable costspartly traceable (percent of total)

London store 50 %

New York total 40

Men's Apparel 35

Women's Apparel 15

Could not be traced to Men's or Women's Apparel 50

Could not be traced to London or New York 10

Using this information, create a contribution income statement for Fashionisto.