1. Sparkle Industries on has two divisions: The Commercial Division and the Retail Division.

The Commercial Division has sales of $580,000, variable expenses of $301,600, and traceable fixed expenses of $186,500.

The Retail Division has sales of $510,000, variable expenses of $178,500, and traceable fixed expenses of $222,100.

The total amount of common fixed expenses not traceable to the individual divisions is $235,500.

Required: Prepare a contribution format segmented income statement for the company and its two divisions.