Ayayai, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The companys latest income statement is presented by product line as follows:

			Yachts			Sailboats			Jet Skis				Total
Sales revenue		$	60,000,000		$	22,000,000		$	6,000,000			$	88,000,000
Variable cost of goods sold			30,000,000			12,000,000			3,500,000				45,500,000
Fixed cost of goods sold			9,000,000			5,000,000			700,000				14,700,000
Gross profit			21,000,000			5,000,000			1,800,000				27,800,000
Variable operating expenses			8,000,000			1,500,000			850,000				10,350,000
Fixed operating expenses			4,000,000			1,000,000			300,000				5,300,000
Allocated corporate costs			3,000,000			2,000,000			1,000,000				6,000,000
Operating income		$	6,000,000		$	500,000		$	(350,000	)		$	6,150,000

(a) Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).)

	Yachts		Sailboats		Jet Skis		Total
select an income statement item Contribution marginTraceable fixed expensesVariable expensesCost of goods soldOperating incomeCommon fixed expensesSegment marginOperating expensesSales revenue	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select between addition and deduction AddLess: select an opening name for section one Common fixed expensesVariable expensesOperating expensesSales revenueSegment marginOperating incomeCost of goods soldContribution marginTraceable fixed expenses
select an income statement item Common fixed expensesSales revenueCost of goods soldTraceable fixed expensesVariable expensesOperating expensesContribution marginOperating incomeSegment margin	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Sales revenueCommon fixed expensesSegment marginTraceable fixed expensesCost of goods soldContribution marginOperating incomeVariable expensesOperating expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Common fixed expensesTraceable fixed expensesOperating expensesSegment marginCost of goods soldOperating incomeVariable expensesContribution marginSales revenue	enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an opening name for section two Variable expensesCost of goods soldSegment marginSales revenueContribution marginCommon fixed expensesOperating expensesTraceable fixed expensesOperating income
select an income statement item Operating expensesSegment marginContribution marginSales revenueCommon fixed expensesCost of goods soldOperating incomeVariable expensesTraceable fixed expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Traceable fixed expensesContribution marginOperating expensesSegment marginOperating incomeVariable expensesCost of goods soldSales revenueCommon fixed expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Operating expensesSales revenueContribution marginTraceable fixed expensesCommon fixed expensesVariable expensesCost of goods soldOperating incomeSegment margin	$enter a total amount for the second part		$enter a total amount for the second part		$enter a total amount for the second part		enter a total amount for the second part
select an income statement item Sales revenueSegment marginOperating incomeVariable expensesOperating expensesContribution marginCommon fixed expensesTraceable fixed expensesCost of goods sold							enter a dollar amount
select a closing name for this statement Segment marginSales revenueCost of goods soldOperating expensesContribution marginVariable expensesOperating incomeCommon fixed expensesTraceable fixed expenses							$enter a total amount for this statement