HalMarts, Inc., has two sales departments: equipment and clothing. During February, these two departments reported the following operating results:

Equipment

Sales $490,000

Contribution Margin 35%

Traceable Fixed Costs $29,200

Clothing

Sales $250,000

Contribution Margin 50%

Traceable Fixed Costs $26,800

In addition, fixed costs common to both departments amounted to $54,400.

Complete a responsibility income statement for HalMarts, Inc. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the companys income from operations.