Divisional Performance Analysis and Evaluation The vice president of operations of Free Ride Bike Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: Sales Road Bike Division $1,980,000 871,000 Mountain Bike Division $2,100,000 987,000 756,000 1,500,000 Cost of goods sold Operating expenses Invested assets Required: 732,800 1,800,000 1. Prepare condensed divisional income statements for the year ended December 31, 2017, assuming that there were no support department allocations. Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sales Cost of goods sold Gross profit Operating expenses Operating income