The Gregory Company Provided the Following Information Variable Costs Required:
Prepare a Contribution Approach Income Statement for the Whole

The Gregory Company provided the following information:
$\begin{array}{llll}&\text { Whole } & \text { Uttice } & \text { Factory } \\&\text { Company } & \text { Division } & \text { Division }\\\text { Net sales } & \$ 99,000 & \$ 66,000 & \$ 33,000 \\\text { Fixed costs controllable by div. managers } & 16,000 & 10,000 & 6,000 \\\text { Fixed costs controllable by others } & 10,000 & 5,000 & 5,000\end{array}$
Variable costs:
$\begin{array} { l } \text {Cost of merchandise sold }&38,000&22,000&16,000 \\ \text {Operating expenses }&8,000&5,000&3,000 \\ \text {Unallocated costs }&6,000 \\\end{array}$

Required:
Prepare a contribution approach income statement for the whole company and for each division.