ABC Company operates two divisions with the following sales and expense Information for the month of August Division 1: sales, $152,000; contribution margin ratio, 50%; direct fixed expenses, $32,000. Division 2: sales, $104,000 contribution margin ratio, 70%; direct fixed expenses, $20,000 ABC Company's total fixed expenses during August was $128,800. 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 Com 9 Division 1 Division 2 Sales Variable expenses Contribution margin Direct fixed expenses Segment margin Common fixed expenses Operating income