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2. Harper Corporation has two major business segments Ashley and Chloe. In July the Ashley segment had sales revenues of $220,000, variable expenses of $125,000,

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2. Harper Corporation has two major business segments Ashley and Chloe. In July the Ashley segment had sales revenues of $220,000, variable expenses of $125,000, and traceable fixed expenses of $29,000. During the same month, the Chloe segment had sales revenues of $890,000, variable expenses of $472,000, and traceable fixed expenses of $169,000. The common fixed expenses total $246,000. Constructed a segmented income statement in a contribution format form to show segment margins, as well as net operating income of the Harper Corporation. (For an example see page 299, Exhibit 7-8 top part of exhibit - Segments Defined as Divisions) [[17 points)

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