7. Nike produces footwear, apparel, and equipment. The financial data for each segment is as follows:
   • Footwear: Sales Revenue - $300,000,000, Variable Costs - $150,000,000, Fixed Costs - $70,000,000
   • Apparel: Sales Revenue - $200,000,000, Variable Costs - $100,000,000, Fixed Costs - $60,000,000
   • Equipment: Sales Revenue - $100,000,000, Variable Costs - $50,000,000, Fixed Costs - $40,000,000 Requirements:
   • Prepare the Income Statement for each segment.
   • Calculate the Contribution Margin for each segment.
   • Determine the Break-Even Point in dollars for each segment.
   • Evaluate the profitability and provide recommendations for cost control.