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Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month of June Residential Commercial Total Sales revenue Variable expenses Contribution
Jane Baldwin, Anderson Flooring's accounting intern, has prepared the following income statement for the month of June Residential Commercial Total Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $ $ 1,750,000 $3,125,000 4,875,000 3,555,000 1,320,000 1,265,000 70,000 (15,000 55,000 1,035,000 715,000 645,000 2,520,000 605,000 620,000 In preparing the income statement, Jane was unsure what to do with $250,000 in corporate fixed expenses that cannot be traced to a particular division. Since these costs were incurred to run the business as a whole, and she believed that each division benefited equally, she just allocated half to each division. Prepare a segment margin income statement that highlights each division's contribution to corporate profits. (If the amount is negative then enter with a negative sign preceding the number e.g.-5,125 or parenthesis. e.g. (5,125). Residential Commercial Total
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