The Height of Fashion Corporation evaluates the performance of the divisions of the company based on ROI and bonuses are based on divisional ROI.A divisional income statement for the Men's Wear Division for the past year is given below.

Sales$25,000,000

Cost of Goods Sold$10,000,000

Operating Expenses$4,000,000

Invested Assets$50,000,000

a.Generate Height of Fashion Corporation Men's Wear Division's gross profit income statement. (6 points)

Height of Fashion: Men's Wear Division Income Statement For the year ended December 31, 20Y6 Income from Operations