PQ10: Divisional Income Statements (Obj. 3) The following data were summarized from the accounting records for Gonzaga Industries Inc. for the year ended November 30 , 20Y8: Cost of goods sold: Support department allocations: Commercial Division $3,550,000 Commercial Division $800,000 Residential Division 1,655,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $740,000 Commercial Division $5,980,000 Residential Division 389,000 Residential Division 2,825,000 Required: Prepare divisional Income Statements for Gonzaga Industries Inc