Trent Weaver was reviewing the latest income statement for Taryn Enterprises. For the second year in a row, the Collectibles division was showing a negative segment margin, and Trent thought it was time to close the division to increase the company?s operating income. The income statement that he examined follows.

Promotions Division	Collectibles Division	Total
Revenue	$5,307,900	$2,862,500	$8,170,400
Less variable expenses	3,659,100	1,645,400	5,304,500
Contribution margin	1,648,800	1,217,100	2,865,900
Less traceable fixed expenses	948,100	1,278,800	2,226,900
Segment margin	$700,700	$(61,700	)	639,000
Common fixed costs	579,000
Net operating income	$60,000

When Trent broke the news, Taylor Tatum, manager of the Collectibles division, was upset. Taylor thought that Trent could be making a snap judgment, and suggested that he look at the division?s detailed operating results. The Collectibles division is composed of two groups, Sports Memorabilia and Coins and Stamps. Sports Memorabilia accounts for 60% of the division?s sales and contribution margin; Coins and Stamps accounts for the other 40%. Sports Memorabilia?s traceable fixed costs are $811,300; Coins and Stamps, $246,800.

(a)Prepare a segment margin income statement for the Collectibles division that shows the segment margin of each group.(If the amount is negative then enter with a negative sign preceding the number e.g. -5,125 or parenthesis. e.g. (5,125) and Round answers to 0 decimal places, e.g. 5,125.)

Sports Memorabilia	Coins and Stamps	Total Collectibles Division
Operating incomeSegment marginCommon fixed expensesRevenueVariable expensesContribution marginTraceable fixed expenses	$	$	$
LessAdd: Variable expensesContribution marginTraceable fixed expensesOperating incomeRevenueSegment marginCommon fixed expenses
Variable expensesContribution marginOperating incomeCommon fixed expensesRevenueTraceable fixed expensesSegment margin
Variable expensesContribution marginRevenueTraceable fixed expensesSegment marginCommon fixed expensesOperating income
Traceable fixed expensesOperating incomeRevenueSegment marginVariable expensesCommon fixed expensesContribution margin	$	$
Contribution marginTraceable fixed expensesCommon fixed expensesSegment marginVariable expensesOperating incomeRevenue
RevenueVariable expensesOperating incomeTraceable fixed expensesSegment marginCommon fixed expensesContribution margin	$

Trent Weaver was reviewing the latest income statement for Taryn Enterprises. For the second year in a row, the Collectibles division was showing a negative segment margin, and Trent thought it was time to close the division to increase the company's operating income. The income statement that he examined follows. Revenue Less variable expenses Contribution margin Less traceable fixed expenses Segment margin Common fixed costs Net operating income Promotions Division $5,307,900 3,659,100 1,648,800 948,100 $700,700 Collectible s Division Total $2,862,500 $8,170,400 1,645,400 5,304,500 1,217,100 2,865,900 1,278,800 $(61,700) 2,226,900 639,000 579,000 $60,000 When Trent broke the news, Taylor Tatum, manager of the Collectibles division, was upset. Taylor thought that Trent could be making a snap judgment, and suggested that he look at the division's detailed operating results. The Collectibles division is composed of two groups, Sports Memorabilia and Coins and Stamps. Sports Memorabilia accounts for 60% of the division's sales and contribution margin; Coins and Stamps accounts for the other 40%. Sports Memorabilia's traceable fixed costs are $811,300; Coins and Stamps, $246,800. (a) Prepare a segment margin income statement for the Collectibles division that shows the segment margin of each group. (If the amount is negative then enter with a negative sign preceding the number e.g. -5,125 or parenthesis. e.g. (5,125) and Round answers to 0 decimal places, e.g. 5,125.) Sports Memorabilia Coins and Stamps Total Collectibles Division $ $ $ $ : $ $