Practice Exercise 02 Andrew Hejtmanek, vice president of operations at Houdyshell Enterprises, received the following income statement for the company's Imaging Products division. X-Ray Group MRI Group Total Revenue $1,591,000 $2,820,000 $4,411,000 Less variable expenses: Cost of goods sold 555,000 1,800,000 2,355,000 Selling & administrative 217,000 578,000 795,000 442,000 1,261,000 351,000 800,00 1,151,000 $468,000 $(358,000) $110,000 Contribution margin Less fixed expenses 819,000 Operating income Andrew is not pleased with the division's performance, and he believes that the MRI group is responsible for its disappointing results. He wants to close the group Kim Pippin, the division's controller, has determined that corporate headquarters allocated $226,000 and $549,000 in common fixed expenses, respectively, to the X Ray and MRI groups. Prepare a segment margin income statement that will provide Andrew with a better basis for evaluating the two divisions' performance. (If the amount is negative then enter with a negative sign preceding the number e.g.-5,125 or parenthesis. e.g. (5,125).) x-Ray Group MRI Group Total Contribution margin Traceable fixed expenses Variable expenses Cost of goods sold Selling and administrative Segment margin Operating income w Work for this question: Open Show Work