Information pertaining to the Riggs Co. is as follows: Sales Variable cost of goods sold Direct fixed overhead Jean Jackets $425,000 183,000 52,000 Leather Jackets $624,000 292,000 63,000 A sales commission of 5% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $35,000 for the jean jackets and $68,000 for the leather jackets. Common fixed overhead for the factory was estimated to be $87,000 and common selling and administrative expense was estimated to be $56,000. Required: Prepare a segmented income statement for Riggs Co. for the coming year, using variable costing