P3. Coyote Tire is a manufacturer that segments its business into two divisions - Regular tires and Snow tires. The followings are income statements for company-wide and each segment for the last period. + Accounts Company- wide Regular tire division Snow tire division Sales ? $1,500,000 $700,000 Costs of Goods Sold (COGS): Variable COGS ? 680,000 240,000 Traceable Fixed COGS ? 120,000 60,000 Gross margin ? 700,000 400,000 Operating expenses: Variable operating expenses ? 230,000 100,000 Traceable Fixed operating ? 70,000 50,000 expenses Segment Margin ? 400,000 250,000 Company-wide 200,000 Common Fixed costs Net Income ? Instructions: 1. Complete the company-wide income statement above. 2. Compute the company-wide break-e x-even point in dollar sales. 3. Compute the break-even point in dollar sales for the Regular tire division and Snow tire division. 4. Presume that the company-wide common costs be allocated to the Regular tire division and Snow tire division by a 4:6 ratio and compute the break-even point in dollar sales for the Regular tire division and Snow tire division.