Student Portal | Main we WileyPLUS nt Question 3 of 12 - 15 3 ... Crane Equipment sells equipment to sports enthusiasts. Doug Crane, the company's president, just received the following income statement reporting the results of the past year. Baseball Soccer Basketball Total Sales revenue $1,260,000 $3,600,000 $2,370,000 $7,230,000 Variable cost of goods sold 849,000 2,340,000 1,905,600 5,094,600 Fixed cost of goods sold 114,800 187.200 165,000 467,000 Gross profit 296.200 1,072,800 299.400 1,668,400 Variable operating expenses 169.800 576,000 237,000 982.800 Fixed operating expenses 79.200 84,000 72.900 236.100 Common fixed costs 60,000 129,000 96.900 285.900 Operating income ($12,800) $283,800 ($107,400) $163.600 Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear. (a)inment Question 3 of 12 15 2 (a Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, e.s. -5.125 or parenthesis, e.g. (5,125).) Baseball Soccer Baske $ $ DELLducation.wiley.com/was/ui/v2/assessment-player/ index.html?launchld=d815fee9-39ce-40ba-b2ad-4f181696d730#/question/ DPS Homepage Student Portal | Main ww WileyPLUS C 7 Assignment Question 3 of 12 -15 8 : (a) Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Baseball Soccer Basket $ $ $ Sales Revenue Contribution Margin Cost of Goods Sold Operating Income Traceable Fixed Expenses Segment Margin Variable Expenses Common Fixed Expenses Operating Expenses 9 BELLssignment Question 3 of 12 -15 3 ... (a) Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, e.s. -5,125 or parenthesis, e.g. (5,125).) Baseball Soccer Basket $ $ $ Less Add DELL15 3 ... Question 3 of 12 Baseball Soccer Basket $ DELLQuestion 3 of 12 -15 5 Baseball Soccer Basketball Total UI DELL