lvisional income statements and return on investment analysis E.F. Lynch Company is a diversified from the records of the three divisions for the year ended June 30, 20Y8, are as follows: investment company with three operating divisions organized as investment centers. Condensed data taken Electronic Investment Mutual Fund Division Brokerage Banking Division Division Fee revenue Operating expenses Invested assets $3,360,000 3,091,200 1,120,000 The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. $4,140,000 2,980,800 5,175,000 $4,560,000 3,739,200 3,800,000 Required: 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department charges E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 20Y8 Mutual Fund Division Electronic Brokerage Division Investment Banking Division Fee revenue Operating expenses Income from Operations Previous Check My Work Email Instructor Save and Exit Submit Assignment for Grading All work saved