Income Statements Segmented by Products Clay Consulting Firm provides three types of client services in three health-care-related industries. The income statement for July is as follows:

Clay Consulting Firm Income Statement For Month of July
Sales		$900,000
Less variable costs		(601,000)
Contribution margin		299,000
Less fixed expenses
Service	$70,000
Selling and administrative	65,000	(135,000)
Net income		$164,000

The sales, contribution margin ratios, and direct fixed expenses for the three types of services are as follows:

	Hospitals	Physicians	Nursing Care
Sales	$310,000	$290,000	$300,000
Contribution margin ratio	30%	40%	30%
Direct fixed expenses of services	$18,000	$21,000	$13,000
Allocated common fixed service expenses	$1,000	$1,000	$1,500

Prepare income statements segmented by client categories. Include a column for the entire firm in the statement.

Clay Consulting Firm Product and Company Income Statements For the Month of July
	Hospitals	Physicians	Nursing Care	Company Totals
Sales	$Answer	$Answer	$Answer	$Answer
Variable costs	Answer	Answer	Answer	Answer
Contribution margin	Answer	Answer	Answer	Answer
Direct fixed expenses	Answer	Answer	Answer	Answer
Product margin	Answer	Answer	Answer	Answer
Allocated common costs	Answer	Answer	Answer	Answer
Product income	$Answer	$Answer	$Answer	Answer
Unallocated common expenses:
Selling and administrative				Answer
Service (less allocated expenses/costs)				Answer
Total				Answer
Net income				$Answer