SegmentReporting.

BelowistheincomestatementforMordoProducts,Inc,forMay 2022:

SalesRevenues	$40,000
LessVariableCosts	(18,000)
ContributionMargin	22,000
LessFixedCosts	(10,000)
NetIncome	$12,000

Thecompanyhastwodivisions,MagicalandMundane.

Magicalhasrecorded$10,000insalesrevenuesduring May.Variablecostswere40%of sales. The remaining sales revenues and variable costs were recorded by Mundane.

Fixed costsof$5,000weretraceabletoMagical.

$3,000offixedcostsweretraceabletoMundane. The remaining fixed costs are common.

Required:

PreparesegmentreportsforMordoProducts,broken downbydivision.Showboth AmountandPercentcolumns(ordecimals,whichis whatwedidinclass)foreach product line and for the whole firm.