Crane Corporation provided the following income statement for two of its divisions: North and South. Revenue Variable expenses Product Selling and administrative Contribution margin Less fixed costs Operating income North $ 118,000 $ 118,000 44,000 39,000 35,000 South 44,000 39,000 32,000 47,000 34,000 $ (9,000) $ 13,000 Total $ 236,000 North 83,000 71,000 82,000 78,000 $ 4,000 The home office allocated common fixed costs of $42,000 to North and $26,000 to South. Prepare a segment margin income statement. Omit the heading. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) South LA T

Crane Corporation provided the following income statement for two of its divisions: North and South. The home office allocated common fixed costs of $42,000 to North and $26,000 to South. Prepare a segment margin income statement. Omit the heading. (If the amount is negative then enter with a negative sign preceding the number, e.g. 5,125 or parenthesis, e.s. (5,125).)