Kraft Bowlen Segmented Income Statement For the Coming Year Sales Less variable expenses: Variable cost of goods sold Variable selling expense Contribution margin Less direct fixed expenses: Direct fixed overhead Direct selling and administrative Segment margin Less common fixed expenses: Common fixed overhead Common selling and administrative Operating income A sales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and administrative expense was estimated to be $4,000,000 for the Bladers franchise and $10,000,000 for the Ballers franchise. Common fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling and administrative expense was estimated to be 58,000,000 Required: Prepare a segmented income statement for Kraft Bowlen for the coming year, using variable costing. Note: Enter all amounts as positive numbers except operating loss, if applicable