=+The vice president of operations of Rucker-Putnam Bike Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows:

Touring Bike Division Off-Road Bike Division Sales $2,800,000 $2,950,000 Cost of goods sold 1,240,000 1,375,000 Operating expenses 1,168,000 1,073,500 Invested assets 1,600,000 2,950,000 Instructions 1. Prepare condensed divisional income statements for the year ended December 31, 2010, assuming that there were no service department charges.