Divisional Income Statements The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2048: Cost of goods sold: Commercial Division Residential Division $375,760 175,350 $51,240 30,370 Service department charges: Commercial Division Residential Division Net sales: Commercial Division Residential Division Administrative expenses: Commercial Division Residential Division $569,330 $68,320 62,630 313,130 Prepare divisional income statements for Jersey Coast Construction Company. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 2018 Commercial Division Net sales Residential Division Cost of goods sold Gross profit Administrative expenses Income from operations before service department charges el Service department charges Income from operations