Segmented Income Statement Kraft Bowlen owns two sports franchises-the Bladers (a hockey team) and the Ballers (a basketball team). The following informatian was provided for the coming year. Bladers Sales Variable cost of goods sold Direct fixed overhead A sales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and ad was estimated to be $4,000,000 for the Bladers franchise and $10,000,000 for the Ballers franchise. Common fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling expense was estimated to be $8,000,000. Required: Prepare a segmented income statement for Kraft Bowlen for the coming year, using variable costing. Note: Enter all amounts as positive numbers except operating loss, if applicable. $80,000,000 $180,000,000 10,000,000 30,000,000 20,000,000 100,000,000 expense and administrative Kraft Bowlen Segmented Income Statement For the Coming Year Kraft Bowlen Segmented Income Statement For the Coming Year Less variable expenses Contribution margin Less direct fixed expenses: Segment margin Less common fixed expenses