Carla Vista Equipment sells equipment to sports enthusiasts. Doug Carla Vista, the companys president, just received the following income statement reporting the results of the past year.

		Baseball			Soccer		Basketball			Total
Sales revenue		$1,210,000			$3,480,000		$2,294,000			$6,984,000
Variable cost of goods sold		821,000			2,262,000		1,841,600			4,924,600
Fixed cost of goods sold		111,200			181,200		159,800			452,200
Gross profit		277,800			1,036,800		292,600			1,607,200
Variable operating expenses		164,200			556,800		229,400			950,400
Fixed operating expenses		76,800			81,200		70,500			228,500
Common fixed costs		58,000			125,000		93,700			276,700
Operating income		($21,200)			$273,800		($101,000)			$151,600

Doug is concerned that two of the companys divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear.

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

		Baseball		Soccer		Basketball		Total
select an income statement item Traceable Fixed ExpensesSales RevenueContribution MarginOperating IncomeCommon Fixed ExpensesVariable ExpensesOperating ExpensesCost of Goods SoldSegment Margin		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select between addition and deduction LessAdd:select an opening name for section one Segment MarginTraceable Fixed ExpensesCommon Fixed ExpensesOperating IncomeOperating ExpensesSales RevenueContribution MarginVariable ExpensesCost of Goods Sold
select an income statement item Traceable Fixed ExpensesCost of Goods SoldSales RevenueCommon Fixed ExpensesOperating IncomeVariable ExpensesOperating ExpensesSegment MarginContribution Margin		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Cost of Goods SoldContribution MarginSegment MarginOperating IncomeOperating ExpensesCommon Fixed ExpensesSales RevenueTraceable Fixed ExpensesVariable 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 Contribution MarginSegment MarginSales RevenueTraceable Fixed ExpensesOperating ExpensesVariable ExpensesCost of Goods SoldCommon Fixed ExpensesOperating Income		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 Operating ExpensesContribution MarginTraceable Fixed ExpensesSegment MarginSales RevenueOperating IncomeCommon Fixed ExpensesVariable ExpensesCost of Goods Sold
select an income statement item Sales RevenueTraceable Fixed ExpensesOperating IncomeVariable ExpensesCost of Goods SoldOperating ExpensesSegment MarginCommon Fixed ExpensesContribution Margin		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Common Fixed ExpensesContribution MarginOperating ExpensesSales RevenueTraceable Fixed ExpensesSegment MarginVariable ExpensesCost of Goods SoldOperating Income		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 IncomeCommon Fixed ExpensesContribution MarginVariable ExpensesCost of Goods SoldTraceable Fixed ExpensesOperating ExpensesSales RevenueSegment 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 RevenueCommon Fixed ExpensesOperating ExpensesContribution MarginSegment MarginOperating IncomeVariable ExpensesCost of Goods SoldTraceable Fixed Expenses								enter a dollar amount
select a closing name for this statement Contribution MarginOperating IncomeTraceable Fixed ExpensesSales RevenueCommon Fixed ExpensesSegment MarginOperating ExpensesVariable ExpensesCost of Goods Sold								$enter a total amount for this statement