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 $5,100,000 Fixed costs Partly traceable and controllable Partly traceable but noncontrollable Nontraceable costs 330,000 300,000 150,000 Total net sales (percent) London store 60 New York store New York-Men's Apparel New York-Women's Apparel Cost of goods sold-variable (percent of sales) 40 60 London store 52% New York-Men's Apparel New York- Women's Apparel Variable operating costs (percent of sales) 45 60 London store 368 New York-Men's Apparel New York-Women's Apparel Fixed controllable costs-partly traceable (percent of total) 22 32 London store New York total Men's Apparel Women's Apparel Could not be traced to Men's or Women's Apparel Could not be traced to London or New York Fixed noncontrollable costs-partly traceable (percent of total) 40 45 15 20 London store 50% Nontraceable costs 150,000 Total net sales (percent) London store 40% New York store 60 New York-Men's Apparel New York-Women's Apparel Cost of goods sold-variable (percent of sales) 40 60 London store 528 New York-Men's Apparel New York-Women's Apparel Variable operating costs (percent of sales) 45 60 London store 368 New York-Men's Apparel New York-Women's Apparel Fixed controllable costs-partly traceable (percent of total) London store 32 40% New York total 40 Men's Apparel Women's Apparel Could not be traced to Men's or Women's Apparel Could not be traced to London or New York Fixed noncontrollable costs-partly traceable (percent of total) 45 40 15 20 London store 50% New York total Men's Apparel Women's Apparel Could not be traced to Men's or Women's Apparel Could not be traced to London or New York 35 15 50 10 Required: 1. Using this information, prepare a contribution income statement for Fashionisto. 622 Required: 1. Using this information, prepare a contribution income statement for Fashionisto. New York Store Combined Women's wear Not Allocated London Store Not allocated Men's wear Company Variable cost Total variable cost