Swifty, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The companys latest income statement is presented by product line as follows:

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Common Fixed Expense

Traceable Fixed Expense

Sales Revenue

Operating Income

Segment Margin

Cost of Goods Sold

Contribution Margin

Variable Expenses

Operating Expenses

Yachts Sailboats Jet Skis Total Sales revenue $ 62,993,000 $ 26,740,000 $ 6,468,000 $ 96,201,000 Variable cost of goods sold 31,137,000 12,920,000 3,644,000 47,701,000 Fixed cost of goods sold 9,002,000 5,020,000 701,000 14,723,000 Gross profit 22,854,000 8,800,000 2,123,000 33,777,000 Variable operating expenses 8,008,000 1,500,000 859,000 10,367,000 Fixed operating expenses 4,044,000 1,000,000 350,000 5,394,000 Allocated corporate costs 3,000,000 2,025,000 1,012,000 6,037,000 Operating income $ 7,802,000 $ 4,275,000 $ (98,000) $ 11,979,000 (a) Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Yachts Sailboats Jet Skis > >