Sunland Equipment sells equipment to sports enthusiasts. Doug Sunland, the company's president, just received the following income statement reporting the results of the past year. Baseball Soccer Basketball Total Sales revenue $3,450,000 $2,275.000 $6.925,000 $1,200,000 B14,000 Variable cost of goods sold 2,242,500 1,825,600 4,882,100 Fioved cost of goods sold 110,300 179,700 158,500 448,500 Gross proht 275,700 1,027,800 290.900 1.594,400 162,800 552,000 227,500 Variable operating expenses Foed operating expenses 942,300 226,600 80,500 69.900 76,200 57,500 124,000 92.900 274,400 Common fixed costs Operating income $20,8001 $271,300 ($99.400) $151,100 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. Your answer is partially correct. 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, eg.-5.125 or parenthesis, eg (5,12510 Baseball Soccer Sales Revenue $ 1,200,000 $ 3450000 Less V Variable Expenses Cost of Goods Sold 814,000 1 2242.500 Traceable Feed Expenses 162800 552000 i Contribution Margin 976800 2794500 Traceable Fired Expenses Cost of Goods Sold 223200 655500 Operating Expenses 110300 179700 Operating Income 76200 BD500 Contribution Margin