Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2048: $3,400,000 1,800,000 $800,000 200,000 Cost of goods sold: Commercial Division Residential Division Administrative expenses Commercial Division Residential Division Support department allocations: Commercial Division Residential Division Sales: Commercial Division Residential Division $750,000 375,000 $6,120,000 2,850,000 Prepare divisional income statements for Ruiz Industries Inc. Ruix Industries Inc. Divisional Income Statements For the Year Ended November 30, 2018 Commercial Division Residential Division Sales 120,000 Cost of goods sold 3.000.000 1.800,000 Gross profit 2.720.000 L80,000 Administrative expenses Operating income before support department allocations 1.990,000 Support department allocations Operating income 1.170,000 Check My Wor Subtract the support department locations for a division from that it's operating income before such chwipes to determine the operating income