Segmented Income Statement Gorman Nurseries Inc. grows poinsettias and fruit trees in a green houseursery operation. The following information was provided for the coming year. Poinsettias Fruit Trees 5970,000 $3,100,000 Variable cost of goods sold 460.000 1530.000 Directed overhead 150,000 200 000 A sales commission of 4% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $146,000 for the poinsettia line and $87,000 for the fruit tree line. Common fixed overhead for the nursery operation was estimated to be $800,000; common selling and administrative expense was estimated to be $450,000. Required: Prepare a segmented income statement for Gorman Nurseries for the coming year, using variable costing. Note: Enter all amounts as positive numbers except operating loss, if applicable. German Nurseries Inc Segmented income Statement For the Coming Year Loss var expenses I III IIII Segment marge