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 companys operating income. The income statement that he examined follows.

Promotions Division	Collectibles Division	Total
Revenue	$5,308,200	$2,862,100	$8,170,300
Less variable expenses	3,654,300	1,648,000	5,302,300
Contribution margin	1,653,900	1,214,100	2,868,000
Less traceable fixed expenses	948,600	1,276,600	2,225,200
Segment margin	$705,300	$(62,500	)	642,800
Common fixed costs	576,000
Net operating income	$66,800

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 divisions detailed operating results. The Collectibles division is composed of two groups, Sports Memorabilia and Coins and Stamps. Sports Memorabilia accounts for 60% of the divisions sales and contribution margin; Coins and Stamps accounts for the other 40%. Sports Memorabilias traceable fixed costs are $812,000; Coins and Stamps, $247,000. Warning

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(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 incomeCommon fixed expensesSegment marginVariable expensesContribution marginRevenueTraceable fixed expenses	$	$	$
LessAdd: Operating incomeSegment marginCommon fixed expensesRevenueVariable expensesContribution marginTraceable fixed expenses
RevenueContribution marginVariable expensesCommon fixed expensesTraceable fixed expensesSegment marginOperating income
RevenueTraceable fixed expensesOperating incomeSegment marginCommon fixed expensesVariable expensesContribution margin
RevenueCommon fixed expensesTraceable fixed expensesVariable expensesOperating incomeSegment marginContribution margin	$	$
Contribution marginVariable expensesTraceable fixed expensesOperating incomeSegment marginRevenueCommon fixed expenses
Contribution marginTraceable fixed expensesCommon fixed expensesOperating incomeRevenueVariable expensesSegment margin	$

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