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: Service department charges: Commercial Division $457,940 Commercial Division $62,450 Residential Division 221,470 Residential Division 38,360 Administrative expenses: Net sales: Commercial Division $83,260 Commercial Division $693,850 Residential Division 79,100 Residential Division 395,490 Prepare divisional income statements for DeSalvo Construction Company. JERSEY COAST CONSTRUCTION COMPANY Divisional Income Statements For the Year Ended June 30, 2018 Commercial Division Residential Division Sales 693,850 Cost of goods sold -457,940 Gross profit $ Administrative expenses -83,260 Income from operations before service department charges Service department charges Income from operations before service department charges