ABC Company operates two divisions with the following sales and expense information for the month of August: Division 1: sales, $144,000; contribution margin ratio, 50%; direct fixed expenses, $30,000. Division 2: sales, $98,000; contribution margin ratio, 70%; direct fixed expenses, $19,000. ABC Companys total fixed expenses during August was $121,600. 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.

ABC Company operates two divisions with the following sales and expense Information for the month of August: Division 1: sales, $144,000: contribution margin ratio, 50%, direct fixed expenses, $30,000. Division 2: sales, $98,000, contribution margin ratio, 70% direct fixed expenses. $19.000. ABC Company's total fixed expenses during August was $121,600. 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