Knitline Inc. produces high-end sweaters and jackets in a single factory. The following information was provided for the coming year. Sales Variable cost of goods sold Direct fixed overhead Sweaters Jackets $210,000 $450,000 145,000 196,000 25,000 47,000 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 $20,000 for the sweater line and $50,000 for the jacket line. Common fixed overhead for the factory was estimated to be $45,000. Common selling and administrative expense was estimated to be $15,000. Required: 1. Prepare a segmented income statement for Knitline for the coming year, using variable costing. (Ctrl)