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 company's 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

$

$

$

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