Divisional Income Statements The following data were summarized from the accounting records for Vintage Construction Company for the year ended October 31, 20Y3. Administrative expenses: Sales: Commercial Division $500,000 Commercial Division $6,250,000 Residential Division 250,000 Residential Division 1,875,000 Cost of goods sold: Service department charges: Commercial Division $3,800,000 Commercial Division $1,000,000 Residential Division 1,300,000 Residential Division 200,000 Prepare divisional income statements for Vintage Construction Company, VINTAGE CONSTRUCTION COMPANY Divisional Income Statements For the Year Ended October 31, 20Y3 Commercial Division Sales Residential Division Cost of goods sold Gross profit Administrative expenses Operating income before service department charges Service department charges Operating income