15.

Walsh Corporation has two major business segments: Consumer and Commercial. Data for the segments and for the company for March appear below:

Sales revenues, Consumer	$	680,000
Sales revenues, Commercial	$	280,000
Variable expenses, Consumer	$	394,000
Variable expenses, Commercial	$	143,000
Traceable fixed expenses, Consumer	$	102,000
Traceable fixed expenses, Commercial	$	45,000

In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer business segment and $88,000 to the Commercial business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

Select one:

a.

$(144,000)

b.

$423,000

c.

$66,000

d.

$276,000