ndigo, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The companys latest income statement is presented by product line as follows:

			Yachts			Sailboats			Jet Skis				Total
Sales revenue		$	61,430,000		$	22,820,000		$	6,442,000			$	90,692,000
Variable cost of goods sold			31,051,000			12,200,000			3,595,000				46,846,000
Fixed cost of goods sold			9,005,000			5,010,000			701,000				14,716,000
Gross profit			21,374,000			5,610,000			2,146,000				29,130,000
Variable operating expenses			8,007,000			1,510,000			853,000				10,370,000
Fixed operating expenses			4,021,000			1,030,000			321,000				5,372,000
Allocated corporate costs			3,016,000			2,036,000			1,028,000				6,080,000
Operating income		$	6,330,000		$	1,034,000		$	( 56,000	)		$	7,308,000

(a) 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
select an income statement item Cost of goods soldCommon fixed expensesOperating incomeVariable expensesOperating expensesSegment marginSales revenueContribution marginTraceable fixed expenses	$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount		$ enter a dollar amount
select between addition and deduction AddLess: select an opening name for section one Sales revenueCost of goods soldContribution marginSegment marginOperating expensesOperating incomeCommon fixed expensesTraceable fixed expensesVariable expenses
select an income statement item Operating expensesCommon fixed expensesOperating incomeSegment marginContribution marginCost of goods soldTraceable fixed expensesSales revenueVariable expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Contribution marginVariable expensesOperating expensesCommon fixed expensesSales revenueTraceable fixed expensesCost of goods soldSegment marginOperating income	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Variable expensesSegment marginCommon fixed expensesOperating incomeTraceable fixed expensesCost of goods soldOperating expensesSales revenueContribution margin	enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an opening name for section two Contribution marginVariable expensesCost of goods soldSegment marginSales revenueOperating expensesTraceable fixed expensesCommon fixed expensesOperating income
select an income statement item Common fixed expensesCost of goods soldOperating incomeSegment marginTraceable fixed expensesVariable expensesContribution marginOperating expensesSales revenue	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Contribution marginSegment marginTraceable fixed expensesOperating incomeCost of goods soldVariable expensesOperating expensesSales revenueCommon fixed expenses	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Operating incomeSegment marginCommon fixed expensesTraceable fixed expensesCost of goods soldContribution marginOperating expensesVariable expensesSales revenue	$ enter a total amount for the second part		$ enter a total amount for the second part		$ enter a total amount for the second part		enter a total amount for the second part
select an income statement item Operating expensesContribution marginSegment marginOperating incomeSales revenueTraceable fixed expensesCommon fixed expensesVariable expensesCost of goods sold							enter a dollar amount
select a closing name for this statement Traceable fixed expensesSegment marginVariable expensesSales revenueContribution marginOperating incomeCommon fixed expensesOperating expensesCost of goods sold							$ enter a total amount for this statement