Bharat Curry Foods (BCF) prepares and sells frozen curry dinners. The company reported the following operating results for 2021, in which there were no inventories of dinners at the beginning and end of the year:

BHARAT CURRY FOODS

Income Statement

For the Year Ended December 31, 2021

Sales $1,660,000

Cost of goods sold 958,000

Gross margin 702,000

Selling and administrative expenses 447,000

Operating income $255,000

BCF sells two types of curry foodschicken and lamband operates in Ontario and western Canada. Information on sales and costs is as follows:

Chicken Lamb Total

Regional sales percentage of national sales:

Ontario 37% 21% 58%

Western Canada 25 17 42

Total 62% 38% 100%

Costs as percentage of regional sales:

Variable production costs 42% 42%

Variable selling expenses 15% 15%

Fixed costs by product:

Traceable fixed expenses $77,000 $77,000 $154,000

Common fixed costs Remainder of total costs

The following information is for lamb products only:

Ontario Western Canada Total

Costs as percentage of regional lamb sales:

Variable production costs 47% 35.82%

Variable selling expenses 14% 16%

Fixed costs by region:

Traceable fixed expenses $31,000 $46,000 $77,000

Required:

1.Prepare, in good form, an income statement segmented by product line, showing the corresponding company totals. UseExhibit 12-3as a guide.(Round "Percentage" answers to 2 decimal places, (i.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.)

2.Prepare, in good form, a segmented performance report for lamb curry dinners by region.(Round "Percentage" answers to 2 decimal places, (i.e., 0.1234 should be considered as 12.34%). Round your answers to nearest dollar amount.)