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1. Prepare condensed divisional income statements for the year ended December 31,20Y7, assuming that there were no service department charges. Road Bike Division Mountain Bike

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1. Prepare condensed divisional income statements for the year ended December 31,20Y7, assuming that there were no service department charges. Road Bike Division Mountain Bike Division $51,000ResidualIncome assets in each division. On the basis of residual income, the Mountain Bike Division is the more profitable of the two divisions

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