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 $322,300 Commercial Division $43,950 Residential Division 164,080 Residential Division 28,420 Administrative expenses: Net sales: Commercial Division $58,600 Commercial Division $488,340 Residential Division 58,600 Residential Division 293,000 Prepare divisional income statements for Jersey Coast Construction Company Jersey Coast Construction Company Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division Net sales 4340 293.000 Cost of goods sold 323.100 164.NO Gross profit 166,040 128,90 Administrative expenses 58,600 S.600 Income from operations before service department charges OX OX Service department charges 21.430 6490 Income from operations Feedback Nov