Divisional Income Statements The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $516,480 Commercial Division $70,430 Residential Division 245,410 Residential Division 42,510 Administrative expenses: Net sales: Commercial Division $93,910 Commercial Division $782,550 Residential Division 87,650 Residential Division 438,230 Prepare divisional income statements for Jersey Coast Construction Company. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division Net sales Cost of goods sold Gross profit Administrative expenses Income from operations before service department charges Service department charges Income from operations Feedback Check My Work Subtract the service department charges for a dvision from that division's income from operations before such charges to determine the n f