The following data were summarized from the accounting records for South Seas Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold: Service department charges: Commercial Division $470,640 Commercial Division Residential Division 235,600 Residential Division $64,180 40,810 Administrative expenses: Sales: Commercial Division $85,570 Commercial Division $713,090 Residential Division 84,140 Residential Division 420,720 Prepare divisional income statements for South Seas Coast Construction Company. South Seas Coast Construction Company Sales Cost of goods sold Divisional Income Statements For the Year Ended June 30, 20Y8 Commercial Division Residential Division Gross profit Administrative expenses Income from operations before service department allocations Service department allocations Income from operations