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3. Preparation of responsibility income statements Hal-Marts, Inc., has two sales departments: equipment and clothing. During February, these two departments reported the following operating results:

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3. Preparation of responsibility income statements Hal-Marts, Inc., has two sales departments: equipment and clothing. During February, these two departments reported the following operating results: Clothin_ $490 000 $250 000 Contribution ma _in 35%: 50"/o Traceable xed costs $29,200 $26,800 In addition, xed costs common to both departments amounted to $54,400. Complete the following responsibility income statement for Hal-Marts, Inc. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations. HAL-MARTS, INC Income Statement by Product Lines For the Month Ended February 28, 20_ Segments HAL-Marts, me. ---Ill I-I-l- I-I-l- I-I-l- I-I-l- I-I-l- I-I-l- I-I-l- I-I-I- I-I-l- I-I-l- I-I-l- I-I-l- I-I-l

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