Assume that 75% of the fixed costs shown in the original information, for all product lines, are direct fixed costs. The remaining fixed costs are common fixed costs, allocated to the product lines according to their sales volumes. Recast the product-line income statements detailing the direct and allocated fixed costs for each, including a subtotal for segment margin and an overall total column. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) $ SUV $ Truck $ Van $ $ $ $ $ $ $ $ $ $ $ $ $ Total Assume that 75% of the fixed costs shown in the original information, for all product lines, are direct fixed costs. The remaining fixed costs are common fixed costs, allocated to the product lines according to their sales volumes. Recast the product-line income statements detailing the direct and allocated fixed costs for each, including a subtotal for segment margin and an overall total column. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sales Less: Variable costs $ Sedan $ SUV Truck $ $ Contribution margin $ $ $ $ Less: Direct fixed costs Segment margin $ $ $ $ Less: Allocated fixed costs Operating income $ $ $ $ A value-driven car manufacturer, Concord, started its business more than 50 years ago, making and selling a sedan body style. Sedans were popular at the time, and this one drove the success of Concord for years due to its practical yet stylish nature. As times changed, Concord designed models in different body styles, and those models have outpaced sedans, as follows. Sedan SUV Truck Van Sales $1,201,000 $4,209,000 $3,888,000 $2,015,000 Variable costs 693,000 1,992,000 1,804,000 1,092,000 Contribution margin 508,000 2,217,000 2,084,000 923,000 Fixed costs 812,800 905,000 1,205,000 803,000 Operating income (loss) $(304,800) $1,312,000 $879,000 $120,000 The income statements above reflect the second consecutive year the sedan category has lost money. Concord is concerned about dropping this vehicle, however, since the company's success was originally built on it.