Shoe Shock Innovations manufactures athletic shoe inserts that cushion the foot and reduce the impact of exercise on the joints. The company has two divisions, Sole Inserts and Heel Inserts. A segmented income statement from last month follows. Sales revenue Less variable expenses Contribution margin Less traceable fixed expenses Segment margin Common fixed costs Net operating income Sole Inserts Division $496,000 304,000 192,000 124,800 $67,200 Heel Inserts Division $2,505,000 2,020,000 485,000 349,800 $135,200 Total Shoe Shock $3,001,000 2,324,000 677,000 474,600 202,400 174,900 $27,500 Lisa Anderson is Shoe Shock's sales manager. Although this statement provides useful information, Lisa wants to know how well the company's two distribution channels, specialty footwear stores and drug stores, are performing. Marketing data indicates that 35% of sole inserts and 60% of heel inserts are sold through specialty footwear stores. A recent analysis of corporate fixed costs revealed that 40% of all fixed costs are traceable to specialty footwear stores and 55% of all fixed costs to drug stores. Prepare a segment margin income statement for Shoe Shock's two distribution channels. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Specialty Footwear Stores Revenue Sole inserts $ Less variable expenses Sole inserts Heel inserts Total variable expenses Contribution margin Traceable fixed expenses Segmented margin Common fixed expenses Operating income Ity Footwear Stores Drug Stores Tota $ $ $ + Drug Stores Total Shoe Shock 2 $ A 2 - $ $