Divisional Income Statements The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: $67,360 Commercial Division $493,970 Commercial Division 41,380 Residential Division 238,900 Residential Division Administrative expenses: Net sales: Commercial Division 89,810 Commercial Division $748,440 Residential Division 85,320 Residential Division 426,610 Prepare divisional income statements for Jersey Coast Construction Company. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division