=+operations for Navigational Systems Division, $195,200 Goho Manufacturing Company is a diversified aerospace company, including two operating divisions, Specialized Semiconductors and Navigational Systems Divisions. Condensed divisional income statements, which involve no intracompany transfers and which include a breakdown of expenses into variable and fixed components, are as follows:

GOHO MANUFACTURING COMPANY Divisional Income Statements For the Year Ended December 31, 2008 _