Instructions The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Commercial Division $915,750 Residential Division 440,550 Administrative expenses: Commercial Division $151,400 129,225 Residential Division Service department charges: Commercial Division Residential Division $113,100 68,730 Sales: Commercial Division $1,365,000 Residential Division 744,460 Required: 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. 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, 2048 Commercial Division Residential Division 2 3 3 4 5 6 7 8 Amount Descriptions Administrative expenses Cost of goods sold Gross profit Income from operations Income from operations before service department charg Sales Selling expenses Service department charges Transportation expenses