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: Commercial Division $388,920 Residential Division 197,990 Administrative expenses: Commercial Division $70,710 Residential Division 70,710 Support department allocations: Commercial Division $53,030 Residential Division 34,300 Sales: Commercial Division $589,270 Residential Division 353,560 Prepare divisional income statements for Ruiz Industries Inc Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2018 Commercial Division Residential Division