Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2048: Support department allocations: Cost of goods sold: Commercial Division Residential Division $43,780 $321,030 163,440 Commercial Division Residential Division 28,310 Administrative expenses: Sales: Commercial Division $58,370 Commercial Division $486,410 Residential Division 58,370 Residential Division 291,850 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