Question 3 of 3 3.56 / 9 View Policies Show Allempl History Current Attempt in Progress Shoe Shock Innovations manufactures athletic shoc inserts that cushion the foot and reduce the impact of exercise on the joints. The company has two divisions, Sule Inserts and Heel inserts. A scerniented income statement from last month follows Salus revenue Less variable expenses Contribution margin Less traceable fixed expenses Segment margin Common fixed costs Net operating income Sole Inserts Division $498,000 308,0X10 190,000 122.700 $67,300 Heel inserts Division $2,510,000 2,041,000 469.000 349 300 $119,200 Total Shoe Shock $3,000,000 2,349,000 659.000 472.500 186.500 170,200 $16,300 60 Kimberly Young is Shoe Shock's sales manager. Although this statement provides useful information. Kimberly wants to know how well the company's two distribution charinels, spccialty footwearstures and drugstores are performing Marketing data indicates thal 35% of sole inserts and 60% of heel inserts are sold through specially footwear stores. A recent analysis of corporale fixed costs revealed that 40% of all fixed costs are traceable to specialty footwear stores and 55% of all fixed costs to drugstores. Your answer is partially correct. Prepare a segment margin income statement for Shoe Shock's two distribution channels. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Specialty Footwear Stores Drug Stores Total Shoe Shock Revenue Sole inserts Heel inserts Total variable expenses Less : variable expenses Heel inserts lo Sole inserts I DODO VO Total variable expenses Contribution margin Traceable fixed expenses Doddll Segmented margin Common fixed expenses Operating income