Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2048: Cost of goods sold: Support department allocations: Commercial Division $556,810 Commercial Division $75,930 Residential Division 259,850 Residential Division 45,010 Administrative expenses: Sales: Commercial Division $101,240 Commercial Division $843,650 Residential Division 92,800 Residential Division 464,010 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Division Residential Division Administrative expenses Cost of goods sold Gross profit Support department allocations