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Crane Equipment sells equipment to sports enthusiasts. Doug Crane, the company's president, just received the following income statement reporting the results of the past year.

image text in transcribedimage text in transcribedimage text in transcribed Crane Equipment sells equipment to sports enthusiasts. Doug Crane, the company's president, just received the following income statement reporting the results of the past year. Doug is concerned that two of the company's 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 Basketball Total $ $

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