Spiess Corporation has two major business segments$-$Apparel and Accessories. Data concerning those segments for December appear below:Sales revenues, ApparelVariable expenses,ApparelTraceablefixed expenses, ApparelSales revenues, Accessories Variable expenses, AccessoriesTraceable fixed expenses, Accessories$ $775,000$$ $314,000$$ $201,000$$ $799,000$$$425,000$$ $128,000$Common fixed expenses totaled $$401,000$ and were allocated as follows: $$172,000$ to the Apparel business segment and $$229,000$to the Accessories business segment.Required:Prepare a segmented income statement in the contribution format for the company.