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:

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
	$			$			$