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Clay Incorporated has two divisions, Myrtle and Laurel. The following is the segmented income statement for the previous year: Myrtle Laurel Total Sales revenue $
Clay Incorporated has two divisions, Myrtle and Laurel. The following is the segmented income statement for the previous year: Myrtle Laurel Total Sales revenue $ 570,000 $ 337,700 $ 907,700 Variable Costs 102,000 102,000 204,000 Contribution Margin $ 468,000 $ 235,700 $ 703,700 Direct fixed costs 78,000 76,000 154,000 Segment margin $ 390,000 $ 159,700 $ 549,700 Common fixed costs (allocated) 285,625 171,875 457,500 Net operating income (loss) $ 104,375 $ (12,175) $ 92,200 What would Clay's income (loss
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