The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 2018: Cost of goods sold: Support department allocations: Commercial Division $3,400,000 Commercial Division $800,000 Residential Division 1,800,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $750,000 Commercial Division $6,120,000 Residential Division 375,000 Residential Division 2,850,000 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Residential Division Division 6,120,000 2,850,000 3,400,000 1,800,000 $ 2,720,000 1,050,000 Sales Cost of goods sold Gross profit Administrative expenses Operating income before support department allocations $1,970,000 Support department allocations 800,000 Operating income 1,170,000 Feedback