3. Responsibility income statement-preparation

Gameland Village is segmented into two sales departments: software and video games. During April, these two departments reported the following operating results:

	Software	Video Games
Sales	$400,000	$200,000
Variable costs (as a percentage of sales)	65%	56%
Traceable fixed cost	$20,000	$16000

In addition, fixed costs common to both departments amounted to $42,000.

Complete the following segmented income statement for Gameland Village. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the companys income from operations.

GAMELAND VILLAGE Income Statement by Product Lines For the Month Ended April 30, 20__				Segments
	Gameland Village			Software			Video Games
	Dollars		%	Dollars		%	Dollars		%
Sales	$			$400,000		100	$200,000		100
Variable Costs						65			56
	$			$			$