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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

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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 $509,780 Commercial Division $69,520 Residential Division 242,220 Residential Division 41,960 Administrative expenses: Sales: Commercial Division $92,690 Commercial Division $772,400 Residential Division 86,510 Residential Division 432,540 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 bili

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