Jane Baldwin Anderson Flooring’s accounting intern has prepared the following income statement for the month of

Question

Jane Baldwin, Anderson Flooring’s accounting intern, has prepared the following income statement for the month of

June.

ResidentialCommerciaotalSales revenue$1,777,000$3,127,900$4,904,900Variable expenses1,034,0002,525,0003,559,000Contribution margin743,000602,9001,345,900Fixed expenses644,300611,2001,255,500Operating income$98,700$(8,300)$90,400

In preparing the income statement, Jane was unsure what to do with $49,000 in corporate fixed expenses that cannot be traced to a particular division. Since these costs were incurred to run the business as a whole, and she believed that each division benefited equally, she just allocated half to each division.

(a)

Make a segment margin income statement that highlights each division’s contribution to corporate profits. (If the amount is negative then enter with a negative sign preceding the number e.g. -5,125 or parenthesis. e.g. (5,125).)

Business