Home Comforts Ltd deals in three products, Ace, Nice, and Grace and these are sold directly through salesmen in three zones, Prime, Extension, and Outreach. The responsibility for sales promotion...

Home Comforts Ltd deals in three products, Ace, Nice, and Grace and these are sold directly through salesmen in three zones, Prime, Extension, and Outreach. The responsibility for sales promotion rests with the headquarters and so does the overall control of distribution and sales. Cost of sales as per cent of sales are: Ace, 85; Nice, 80; Grace, 75. Details of sales and selling and distribution expenses for the year are as follows:

Advertisement costs are allocated to zones and products on the basis of sales. Office expenses and other expenses are apportioned equally to the zones or the products, while computing the profit or loss for the zones or the products, as the case may be.

Prepare a comparative profit and loss statement, presenting zonal performance as distinct from product performance.