Segmented Income Statement Knitline Inc. produces high-end sweaters and jackets in a single factory. The following information was provided for the coming year. Sweaters Jackets Sales $210,000 $450,000 Variable cost of goods sold 145,000 196,000 Direct fixed overhead 25,000 47,000 A sales commission of 5% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $20,000 for the sweater line and $50,000 for the jacket line. Common fixed overhead for the factory was estimated to be $45,000. Common selling and administrative expense was estimated to be $15,000. Required: Prepare a segmented income statement for Knitline for the coming year, using variable costing. Enter all amounts as positive numbers. Knitline Inc. Segmented Income Statement For the Coming Year Sweaters Jackets $ 210,000 $ 450,000 V S 660.000 V Segmented Income Statement For the Coming Year Sweaters Jackets Total Sales 210,000 $ 450,000 $ 660,000 Less variable expenses: Variable cost of goods sold 145,000 196.000 341,000 Variable selling expense Contribution margin Less direct fixed expenses: Direct fixed overhead Direct selling and administrative Segment margin Less common fixed expenses: Common fixed overhead Common selling and administrative Operating con