s/2026034/quizzes/3851018/take Watch cartoons onl... 9 Updates - MangaDex D MargaDeep-rad. B BAO 10 Read Mo I Reading Data for September concerning Merritt Corporation's two major business segments-- Sand bags and Seed bags--appear below: Sales revenues, Sand bags $ 750,000 Sales revenues, Seed bags $ 620.000 Variable expenses Sandbags $ 368,000 Variable expenses. Seed bags $ 254.000 Traceable fixed expenses, Sand bags $ 98,000 Traceable foxed expenses. Seed bags $ 112.000 Common fixed expenses totaled $344,000. Required: 1) Prepare a segmented income statement in the contribution format for the company. 2) Calculate the contribution margin ratio for each segment