EXERCISE (Chapter)9-2 ON PAGE 451 due November 12, 2019 Jersey Coast Construction Company, Divisional Income Statements INSTRUCTIONS: PREPARE DIVISIONAL INCOME STATEMENT FOR JERSEY COAST COMPANY USING THE INFORMATION GIVEN. AN INCOME STATEMENT IS REVENUE LESS EXPENSES. DESCRIPTON AMOUNT DESCRIPTON AMOUNT COST OF GOODS SOLD: SERVICE DEPARTMENT CHARGES: COMMERICIAL 912,250 COMMERICIAL $112.560 DIVISION DIVISION RESIDENTIAL 423.675 RESIDENTIAL 67830 DIVISION DIVISION ADMINISTRATIVE SALES EXPENSES: COMMERICIAL 749,800 COMMERICIAL $1,354500 DIVISION DIVISION RESIDENTIAL 128.625 RESIDENTIAL 743 780 DIVISION DIVISION MANAGERIAL ACCOUNTING ACA2071 TE Ex. 9-2 ANSWER KEY: SCHOLARS PLEASE NOTICE HOW THE REPORT IS HEADED UP WITH THE NAME OF THE COMPANY, THE NAME OF THE REPORT AND THE PERIOD INVOLVED. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Residential Division Division Net sales Cost of goods sold Gross profit Administrative expenses Income from operations before service department charges Service department charges Income from operations