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CH10: LO-24 eBook DIVISIona income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2048: Cost of goods sold: Support department allocations: Commercial Division $481,770 Commercial Division $65,700 Residential Division 224,820 Residential Division 38,940 Administrative expenses: Sales: Commercial Division $87,590 Commercial Division $729,950 Residential Division 80,290 Residential Division 401,470 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2018 > Commercial Division Residential Division WE