Residential Commercial Total $ $ ta Segment margin Common fixed expenses Variable expenses Sales revenue Traceable fixed expenses Operating income Contribution margin $ $ Sandhill Wildhorse Flooring's accountant, has prepared the following income statement for the month of May. Residential Commercial Total Sales revenue $ 2,770,000 $ 3,135,000 $ 5,905,000 Variable expenses 1,317,000 2,531,000 3,848,000 Contribution margin 1,453,000 604,000 2,057,000 Fixed expenses 655,000 625,000 1,280,000 Operating income $ 798,000 $ (21,000) $ 777,000 In preparing the income statement, Sandhill was unsure what to do with $250,000 in corporate fixed expenses that cannot be traced to a division. Since these costs were incurred to run the business, and he believed that each division benefited equally, he just allocated half to each division. (b) Prepare a segment margin income statement that highlights each division's contribution to corporate profits. Omit the heading. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).)