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 $420,700 Commercial Division $57,370 Residential Division 199,900 Residential Division 34,630 Administrative expenses: Sales: Commercial Division $76,490 Commercial Division $637,420 Residential Division 71,390 Residential Division 356,960 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Division Residential Division