Mini-Exercise 15-7 (Algo) Segmented Income statement LO 8 ABC Company operates two divisions with the following sales and expense information for the month of August Division 1 sales, $156,000 contribution margin ratio, 50%; direct fixed expenses. $33,000, Division 2 sales, $107.000; contribution margin ratio, 70%; direct fixed expenses. $20,500. ABC Company's total fixed expenses during August was $132,400 Required: Prepare a segmented income statement for ABC Company to determine the segment margin for Divisions 1 and 2 and the operating income for ABC Company Sales Variable wenses Contribution margin Direct fore expenses Segment margin Common faced expenses Operating income Total Division 1 Company Division 2 $ 203.000 150,000 3107.000 110,100 78,000 32.100 $ 152.000 5 78,000 $ 74.000 33,500 33.000 20,500 90,400 345.000