Instructions The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2048: Cost of goods sold: Commercial Division Residential Division $916,250 450,675 $149,200 Administrative expenses: Commercial Division Residential Division Service department charges: Commercial Division 128,800 $112,740 Residential Division 68,850 Sales: $1,360,500 Commercial Division Residential Division 749,500 Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Amount Descriptions Amount Descriptions Administrative expenses Cost of goods sold Gross profit Income from operations Income from operations before service department charges Sales Selling expenses Service department charges Transportation expenses Divisional Income Statements Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. JERSEY COAST CONSTRUCTION COMPANY Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Residential 1 Division Division 2 3 4 5 6 7 8