Doggy world operates a chain of pair store in the Midwest. The manager of each store reports to the regional manager

P21-20A Doggy world operates a chain of pair store in the Midwest. The manager of each store reports to the regional manager, who, in turn, reports to the headquarters in the Milwaukee, Wisconsin. The actual income statements for the Dayton store, the Ohio region (include the Dayton store), and the company as a whole (including the Ohio region) for July 2011 are as follows:

DOGGY WORLD

Income statement

For the month ended July 31, 2011

Dayton             Ohio    Companywide

Revenue                                                          $158,400         $1,760,000      $4,400,000

Expense:

          Regional manager/headquarters office   $     ----                        $58,000                       $122,000

               Cost of materials                               85,536             880,000                       1,760,000

               Salary expense                                              41,184             440,000                       1,100,000

               Depreciation expense                                   7,800               91,000             439,000

               Utility expense                                  4,000               46,600             264,000

               Rent expense                                                2,500               34,500             178,000

Total expenses                                                 141,020                       1,550,100        3,863,000

Operating income                                            $17,380                       $209,900         $537,000

Budgeted amounts for July were as follows:

DOGGY WORLD

Income statement

For the month ended July 31, 2011

Dayton             Ohio                Companywide

Revenue                                                          173,400                       1,883,000        4,650,000

Expense:

          Regional manager/headquarters office   ----                   64,600             124,000

               Cost of materials                               91,902             1,035,650        2,092,500

               Salary expense                                              41,616             470,750                       1,162,500

               Depreciation expense                                   7,800               87,500             446,000

               Utility expense                                  4,900               54,600             274,000

               Rent expense                                                3,400               32,700             169,000

Total expenses                                                 149,618                       1,745,800        4,268,000

Operating income                                            23,782             137,200                       382,000

Requirement

Prepare a report for July 2011 that shows the performance of the Dayton store, the Ohio region, and the company as a whole.