Michaels Company segments its income statement into its East and West Divisions. The company?s overall sales, contribution margin ratio, and net operating income are $560,000, 60%, and $56,000, respectively. The West Division?s contribution margin and contribution margin ratio are $165,000 and 75%, respectively. The East Division?s segment margin is $46,000. The company has $56,000 of common fixed costs that cannot be traced to either division.

Required:

Prepare an income statement for Michaels Company that uses the contribution format and is segmented by divisions.(Round your percentageanswers to 1 decimal place.)