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 $579,120 Commercial Division $78,970 Residential Division 285,000 Residential Division 49,370 Administrative expenses: Sales: Commercial Division $105,300 Commercial Division $877,460 Residential Division 101,790 Residential Division 508,930 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