Flint, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 62,485,000 $ 24,640,003 $ 6,268,003 $ 93,393,000 Variable cost of goods sold 31,809,000 13,930,003 3,641,003 49,380,000 Fixed cost of goods sold 9,001,000 5,020,003 700,003 14,721,000 Gross prot 21,675,000 5,690,003 1,92?,003 29,292,000 Variable operating expenses 8,005,000 1,520,003 865,003 10,390,000 Fixed operating expenses 4,035,000 1,020,003 324,003 5,379,000 Allocated corporate costs 3,005,000 2,032,003 1,001,003 6,038,000 Operating income $ 6,630,000 $ 1,118,003 3 [263,003 j 3 7,485,000 Yachts Sailboats Jet Skis $ Traceable fixed expenses Operating expenses Common fixed expenses Sales revenue Variable expenses Cost of goods sold Contribution margin Operating income Segment margin\fanIRAQI SAIRC 02,405,UUV 24,040,UVU 0,200,UUV Less Variable expenses v Cost of goods sold 31,809,000 13,930,000 3,641,00 Operating expenses v 8,005,000 1,520,000 1,927,00 Contribution margin 30,676,000 10,710,000 2,627,00 Traceable fixed expenses v Cost of goods sold 9,001,000 5,020,000 700,00 Operating expenses 4,035,000 1,020,000 324,00 Segment margin 14,635,000 $2,638,000 $602,00