Divisional income statements The following data were summarized from the accounting records for Gonzaga Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Commercial Division Residential Division Administrative expenses: Commercial Division Residential Division Support department allocations: Sales: Prepare divisional income statements for Gonzaga Industries Inc. Gonzaga Industries Inc. Divisional Income Statements For the Year Ended November 30, 20 Y8 Line Item Description Cost of goods sold Gross profit Administrative expenses Operating income before support department allocations Support department allocations Operating income Commercial Residential Division Division $ $ $ $ $