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Divisional Income Statements The following data were summarized from the accounting records for South Seas Coast Construction Company for the year ended June 30, 2048: Cost of goods sold: Service department charges: Commercial Division Commercial Division $516,380 240,980 $70,420 41,740 Residential Division Residential Division Administrative expenses: Sales: Commercial Division $93,890 Commercial Division $782,400 430,320 Residential Division 86,060 Residential Division Prepare divisional income statements for South Seas Coast Construction Company. South Seas Coast Construction Company Divisional Income Statements For the Year Ended June 30, 2048 Commercial Division Residential Division Sales Cost of goods sold Gross profit Administrative expenses Income from operations before service department allocations DDD Service department allocations Income from operations