ABC Company operates two divisions with the following, sales and expense information for the month of May: 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 May 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