Magellan & Columbus, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows Yachts Sailboats Jet Skis Total Sales revenue Variable cost of goods sold30,000,000 Fixed cost of goods sold Gross profit Variable operating expenses 8,000,000 Fixed operating expenses Allocated corporate costs Operating income $60,000,000 $22,000,000 $6,000,000 $88,000,000 45,500,000 9,000,000 5,000,000 700,000 14,700,000 21,000,000 5,000,000 1,800,000 27,800,000 10,350,000 5,300,000 6,000,000 $6,000,000$500,000 $(350,000) $ 6,150,000 12,000,000 3,500,000 1,500,000 4,000,000 1,000,000 850,000 300,000 3,000,000 2,000,000 1,000,000 Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line (If the amount is negative then enter with a negative sign preceding the number e.g.-5,125 or parenthesis. e.g. (5,125). Yachts Sailboats Jet Skis Total