2 The Company sells clothing and accessories and the following is its most recent monthly contribution format income statement 5 bits Sales Variable expenses Contribution margin Fixed expenses Net operating Income (loss) $ 1,605, Bee 588,400 1,016, 600 1,118, 5 (101,400) 002627 The Accounting Department has developed the following financial information: Accessories Division Men's Clothing $640,000 214 $331,000 Ladies Clothing 5395,000 SOX 3262,00 Sales Variable expenses at percentage of sales Traceable fixed expenses $570,000 $199,000 Required: 1. Prepare a contribution format income statement segmented by divisions. Complete this question by entering your answers in the tabs below. Flag1 Prepare a contribution format income statement segmented by divisions. Total Company Division Ladies Men's Clothing Clothing Accessories $ 305,000 $ 640,000 $570,000 0 Sales Varate penses Contribution margin raceable fred expenses Divisional segment margin Common fed expenses net traceable to divisions et operating income 325,000 840,000 870.000 $395.000 5 540.000 5570.000 0