The president, has asked that the company’s income statement be redone using the contribution format, which he heard about at a recent industry convention. Prepare the income statement as requested by Mr. Hansen. Show both an Amount and a Percent column for the company in total and for each districtTotalDistrictsCompanySales @ TK 20 per unitTK 1 000 000 TK 300.000 TK . 500 000 TK 200.000Less cost of goods sold @ TK . 9 per450.000135 00022500020 00unitGross margin550.000165000275000110.000Less operating expensesMarketing expensesShipping51 25017.25025 08015000Warehouse rent80.00024.00040 00016000Sales commissions60 001800030.00012000Sales salaries30.00012.00010.0008000District advertising75.00020.0002500030.000National advertising11500034. 50057. 50023 000Total marketing expenses471 250119.750187 500104.000Administrative expensesDistrict management salaries40.000120001500013.000Central office administrativeexpenses100 00030 00050 0 020.000Total administrative expenses140.000420006500033 000Total operating expenses551 250161 1 750252 500CLOUDNet operating income ( loss )T4 1 2IK. 3 250 TK . 22500 IK ( 27.000 )
Company’s income statement
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