Problem 3 (20 points) Middleton Associates has two divisions: A and B. During the year just ended, Division O had a segment margin of $9,000 and variable costs equal to 70% of sales. Traceable fixed costs for Division E were $19,000. Hatch Company as a whole had a contribution margin of 40%, a segment margin of $25,000, Common costs of $10,000 and sales of $200,000. Given this data, prepare segmented income statements showing the Total as well as amounts for Division A and B. Complete the following table. Use the next page to show your calculations for partial credits. *Tip: Company Segment CM = Division A Segment CM + Division B Segment CM Division A Division B Total Division A Percentage Division B Percentage Total [Company] Company Percentage Division A Division A Division B Division 3 Total [Company) Total Company Percentage Percentage Percentage Sales ? ? ? Variable Cost 2 ? 70% ? ? 40% ? ? ? Contribution Margin Traceable 2 ? 19,000 Fixed Cost 25,000 9,000 ? Segment Contribution Margin Less: 10,000 Common Cost Operating ? Income