9 Current Attempt in Progress Carla Vista Equipment sells equipment to sports enthusiasts, Doug Carla Vista, the company's president, just received the following Income statement reporting the results of the past year. Baseball Soccer Basketball Total Sales revenue $1.330,000 $3,810,000 $2.503,000 $7,643,000 Variable cost of goods sold 898,000 2,476,500 2,017,600 5,392.100 Fixed cost of goods sold 121.100 197,700 174.100 492.900 Gross profit 310,900 1,135,800 311.300 1,758,000 Variable operating expenses 179,600 609,600 250,300 1,039,500 Fixed operating expenses 83,400 88,900 77.100 249,400 Common fixed costs 63.500 136,000 102.500 302.000 Operating income ($15,600) $301,300 ($118,600) $167,100 Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear, (a) Your answer is partially correct. Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division (If the amount is negative then enter with a negative sign preceding the number, es-5,125 or parenthesis, eg (5.125)) Baseball Sales Revenue 1330000 Less Vi Cost of Goods Sold 898000 121100 310900 179600 83400 Soccer 3810000 2476500 191700 1135800 409600 C 900 Your answer is partially correct Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, eg-5,125 or parenthesis, eg. (5,125).) Sales Revenue Less Cost of Goods Sold eTextbook and Media Save for Later: Baseball $ 1330000 Soccer 3810000 898000 2476500 i 121100 191700 310900 1135800 179600 83400 609600 88900 47900 $ 437300 Attempts: 1 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above (c) The parts of this question must be completed in order. This part will be available when you complete the part above Your answer is partially correct. Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, es.-5,125 or parenthesis, e.g. (5,125).) Baseball 1330000 Soccer 3810000 Basketball 2503000 Total 7643000 898000 i 2476500 i 2017600 i 5392100 i 121100 191700 174100 492900 310900 1135800 311300 1758000 179600 83400 609600 250300 1039500 88900 i 77100 i 249400 i 47900 $ 437300 eTextbook and Media Save for Later 16100 302000 167100 469100 Attempts: 1 of 3 used Submit