Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2048: Support department allocations: Commercial Division Residential Division $47,780 28,320 Cost of goods sold: Commercial Division $350,380 Residential Division 163,510 Administrative expenses: Commercial Division $63,710 Residential Division 58,400 Sales: $530,880 291,980 Residential Division Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2048 Commercial Division Residential Division Sales y Cost of goods sold Gross profit Administrative expenses Operating income before support department allocations Support department allocations Operating income Feedback Check My Work Subtract the support department allocations for a division from that division's operating income before such charges to determine the operating income. Check My Work