Grouper, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The companys latest income statement is presented by product line as follows:

			Yachts			Sailboats			Jet Skis				Total
Sales revenue		$	63,904,000		$	23,850,000		$	6,133,000			$	93,887,000
Variable cost of goods sold			30,880,000			13,880,000			3,526,000				48,286,000
Fixed cost of goods sold			9,007,000			5,000,000			700,000				14,707,000
Gross profit			24,017,000			4,970,000			1,907,000				30,894,000
Variable operating expenses			8,014,000			1,500,000			866,000				10,380,000
Fixed operating expenses			4,013,000			1,000,000			312,000				5,325,000
Allocated corporate costs			3,002,000			2,035,000			1,008,000				6,045,000
Operating income		$	8,988,000		$	435,000		$	( 279,000	)		$	9,144,000

	Yachts		Sailboats		Jet Skis		Total
select an income statement item Segment marginCost of goods soldSales revenueOperating incomeContribution marginCommon fixed expensesTraceable fixed expensesVariable expensesOperating expenses	$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount
select between addition and deduction AddLess: select an opening name for section one Common fixed expensesOperating incomeCost of goods soldSales revenueVariable expensesOperating expensesContribution marginTraceable fixed expensesSegment margin
select an income statement item Variable expensesTraceable fixed expensesSegment marginCommon fixed expensesOperating expensesCost of goods soldSales revenueContribution marginOperating income	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Sales revenueOperating incomeSegment marginCost of goods soldTraceable fixed expensesOperating expensesCommon fixed expensesContribution marginVariable expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Sales revenueSegment marginCommon fixed expensesContribution marginVariable expensesCost of goods soldOperating expensesTraceable fixed expensesOperating income	enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an opening name for section two Cost of goods soldOperating incomeSegment marginCommon fixed expensesOperating expensesVariable expensesSales revenueTraceable fixed expensesContribution margin
select an income statement item Operating incomeSales revenueCommon fixed expensesCost of goods soldSegment marginContribution marginVariable expensesTraceable fixed expensesOperating expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Common fixed expensesOperating incomeOperating expensesVariable expensesSegment marginContribution marginSales revenueTraceable fixed expensesCost of goods sold	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Operating incomeSales revenueOperating expensesCost of goods soldVariable expensesTraceable fixed expensesSegment marginCommon fixed expensesContribution margin	$ enter a total amount for the second part		$ enter a total amount for the second part		$ enter a total amount for the second part		enter a total amount for the second part
select an income statement item Operating expensesContribution marginTraceable fixed expensesOperating incomeSales revenueCommon fixed expensesSegment marginVariable expensesCost of goods sold							enter a dollar amount
select a closing name for this statement Contribution marginSegment marginVariable expensesTraceable fixed expensesOperating incomeSales revenueOperating expensesCost of goods soldCommon fixed expenses							$ enter a total amount for this statement

Yachts Sailboats Jet SI Sales revenue $ 63904000 23850000 $ Less Variable expenses