Divisional Income Statements

The following data were summarized from the accounting records for DeSalvo Construction Company for the year ended June 30, 2014:

Cost of goods sold:				Service department charges:
	Commercial Division	$524,940			Commercial Division	$71,580
	Residential Division	267,240			Residential Division	46,290
Administrative expenses:				Net sales:
	Commercial Division	$95,440			Commercial Division	$795,370
	Residential Division	95,440			Residential Division	477,220

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Prepare divisional income statements for DeSalvo Construction Company.

DeSalvo Construction Company
Divisional Income Statements
For the Year Ended June 30, 2014
		Commercial Division		Residential Division
Administrative expenses Income from operations before service department charges Net sales Service department charges Correct 6		$ Correct 7		$ Correct 8
Administrative expenses Cost of goods sold Gross profit Service department charges Correct 9		Correct 10		Correct 11
Gross profit Income from operations Net sales Service department charges Correct 12		$ Correct 13		$ Correct 14
Administrative expenses Cost of goods sold Gross profit Service department charges Correct 15		Correct 16		Correct 17
Cost of goods sold Income from operations before service department charges Net sales Service department charges Correct 18		$ Correct 19		$ Correct 20
Gross profit Loss from operations Net sales Service department charges Correct 21		Correct 22		Correct 23
Gross profit Income from operations Income from operations before service department charges Loss from operations Correct 24		$ Correct 25		$ Correct 26