ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1: sales, $134,000; contribution margin ratio, 50%; direct fixed expenses, $27,500. Division 2: sales, $90,500; contribution margin ratio, 70%; direct fixed expenses, $17,750. 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. ABC Company's total fixed expenses during August was $112,600. d Required: Total Company Division 1 Division 2 Sales Variable expenses Contribution margin $ 224,500 $ 134,000 $ 90,500 94,150 67,000 27,150 X Direct fixed expenses 130,350x 67,000 x 63,350x Segment margin $ 45,250 S 27,500 x $ 17,750 x Common fixed expenses 85,100 Operating income 69 $ (27,500) x 13