Henrietta, Ltd. produces fine clothing for women. There are two primary divisions within the company: professional wear and formal wear. The following income statements were prepared for the divisions:

	Professional		Formal
Sales	$1,280,000		$1,770,000
Variable expenses	975,000		1,370,000
Contribution margin	$305,000		$400,000
Fixed expenses	130,000		215,000
Income	$175,000		$185,000

The income statements were prepared by an inexperienced staff accountant. Common fixed expenses of $ 48,000 were allocated to the two divisions as follows: 30 percent to professional wear and 70 percent to formal wear.

Required:

Prepare new segmented income statements for Henrietta, Ltd. after removing the common fixed expenses.