The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2048: Cost of goods sold: Service department charges: Commercial Division $325,860 Commercial Division $44,430 Residential Division 165,890 Residential Division 28,730 Administrative expenses: Net sales: Commercial Division $59,250 Commercial Division $493,720 Residential Division 59,250 Residential Division 296,230 Prepare divisional income statements for Jersey Coast Construction Company. Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 2048 Commercial Division Residential Division