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Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2048: Cost of goods sold: Support department allocations: Commercial Division $545,110 Commercial Division $74,330 Residential Division 254,390 Residential Division 44,060 Administrative expenses: Sales Commercial Division $99,110 Commercial Division $825,930 Residential Division 90,850 Residential Division 454,260 Prepare divisional Income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2048 Commercial Division Residential Division Sales Cost of goods sold 100000