18 12 points Bharat Curry Foods (BCF) prepares and sells frozen curry dinners. The company reported the following operating results for 2021, in which there were no inventories of dinners at the beginning and end of the year: BHARAT CURRY FOODS Income Statement For the Year Ended December 31, 2021 Sales Cost of goods sold $1,260,000 728,000 Gross margin 532,000 02:39:44 Selling and administrative expenses Operating income 340,000 $ 192,000 BCF sells two types of curry foods-Mutter Paneer and Shahi Paneer-and operates in Ontario and western Canada. Information on sales and costs is as follows: Regional sales percentage of national sales: Ontario Western Canada Total Costs as percentage of regional sales: Variable production costs Variable selling expenses Fixed costs by product: Traceable fixed expenses Common fixed costs Mutter Paneer Shahi Paneer Total 40% 24% 64% 21 15 36 61% 39% 100% 41% 14% 41% 14% $ 64,000 $ 64,000 Remainder of total costs $128,000 The following information is for Shahi Paneer products only: Western Costs as percentage of regional lamb sales: Variable production costs Variable selling expenses Fixed costs by region: Traceable fixed expenses Required: Ontario Canada Total 46% 33.00% 13% 16% $26,000 $38,000 $64,000 1. Prepare, in good form, an income statement segmented by product line, showing the corresponding company totals. Use Exhibit 12- 3 as a guide. (Round "Percentage" answers to 2 decimal places, (i.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.) Less: Variable costs BHARAT CURRY FOODS Segment Performance Report For the Year Ended 2021 Mutter Paneer Shahi Paneer Total