Cost of goods sold: Service department charges: Commercial Division $912,250 423,675 $112,560 67,830 Residential Division Commercial Division Residential Division Administrative expenses: Commercial Division Net sales: $149,800 Commercial Division Residential Division $1,354,500 743,780 128,625 Residential Division Prepare divisional income statements for Jersey Coast Construction Company, JERSEY COAST CONSTRUCTION COMPANY Divisional Income Statements For the Year Ended June 30, 20YS Commercial Division Residential Division Sales Cost of goods sold Gross profit Administrative expenses Income from operations before service department charges Service department charges Income from operations