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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

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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 Commercial Division $447,790 $61,060 Residential Division 231,770 Residential Division 40,150 Administrative expenses: Sales: Commercial Division $81,420 Commercial Division $678,470 413,870 Residential Division 82,770 Residential Division 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 noihin

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