Ellie Manufacturing Company produces three products: A, B, and C. The income statement for the most recent year is as follows: Sales $200,000 Less: Variable cost Contribution margin Less fixed cost: Manufacturing Selling and administrative Sales $20,000 14,000 34,000 Operating income $39,000 The sales, contribution margin ratios, and direct fixed expenses for the three types of products are as follows: Contribution margin ratio Direct fixed expenses of products A $60,000 35% 127,000 $73,000 $8,000 B $40,000 30% $5,000 C $100,000 40% $4,000 Prepare income statements segmented by products. Include a column for the entire firm in the statement. Ellie Manufacturing Company Segmented Income Statement For the Most Recent Year A 60,000 Sales Less: Variable expenses Contribution margin Less: Direct fixed expenses Product margin Less: Common expenses 8,000 B 40,000 5,000 100,000 4,000 Total 200,000 17,000 1000