ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1: sales, $156,000; contribution margin ratio, 50%; direct fixed expenses, $33,000. Division 2: sales, $107,000; contribution margin ratio, 70%; direct fixed expenses, $20,500. ABC Company's total fixed expenses during August was $132,400. Required: Prepare a segmented income statement for ABC Company to determine the segment margin for Divisions 1 and 2 and the operating income for ABC Company. Total Company Division 1 Division 2 Sales Variable expenses Contribution margin Direct fixed expenses Segment margin Common fixed expenses Operating income