E3-24A (similar to) Question Help Intense Sporting Goods is a retailer of sporting equipment. Last year, Intense Sporting Goods' sales revenues totalled $8,500,000. Total expenses were $3,060,000. Of this amount, approximately $2,375,000 were variable, while the remainder were fixed. Since Intense Sporting Goods offers thousands of different products, its managers prefer to calculate the break-even point in terms of sales dollars rather than units. Assume that Intense Sporting Goods gathers information on the sales of its products based on two departments: Winter Sports and Summer Sports. Winter Sports revenues are $4,500,000 of the total $8,500,000, and the department has an average contribution margin of 65%, while Summer Sports brings in the remaining revenues and has a contribution margin of 80%. Of the fixed costs, $270,000 can be directly traced to Winter Sports and $320,000 can be traced to Summer Sports. Prepare a segmented contribution margin income statement for Intense Sporting Goods. Prepare a segmented contribution margin income statement for Intense Sporting Goods. Total Intense Sporting Goods Segmented Contribution Margin Income Statement For the Year Ended December 31 Winter Summer Sports Sports Revenues Variable expenses Contribution margin Traceable fixed expenses Segment margin Common costs Net income Enter any number in the edit fields and then click Check