TWO- 7 marks The Western Territory of Summer Sports Corporation produces and markets two products for use in water sports: Jackets and Gloves. The following data were gathered on activities last month: Jackets Gloves Sales in units 3,000 8,000 Selling price per unit $50 $20 CM ratio 40% 55% Segment Margin $40,000 $68,000 Territory net income was $25,000. Required: Prepare a complete segmented income statement in good form using the contribution format for last month, for the Territory as a whole and for each product. Completion of the % column is not required. Total Territory % Jackets % Gloves %