Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Hardware Software Sales $ 670,000 $ 980,000 Variable costs (as a percentage of sales) 40 % 45 % Traceable fixed costs $ 250,000 $ 125,000 In addition, fixed costs common to both divisions amounted to $223,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each division. (Round percentage answers to 2 decimal place. i.e. 0.1234 should be considered as 12.34%.)

PLEASE SHOW WORK. Thank you!

NICHOLAS TECHNOLOGIES
Responsibility Income Statement
For the Current Month
	Entire Company			Hardware Services Division			Software Services Division
	Dollars	Percent of Sales		Dollars	Percent of Sales		Dollars	Percent of Sales
Sales			%			%			%
Variable costs
Contribution margin	$0	0.00	%	$0	0.00	%	$0	0.00	%
Fixed costs traceable to each division
Divisional responsibility margin	$0	0.00	%	$0	0.00	%	$0	0.00	%
Common fixed costs
Income from operations	$0	0.00	%