vanhoe Oriole Floorings accountant, has prepared the following income statement for the month of May.

		Residential			Commercial				Total
Sales revenue		$	2,764,000		$	3,129,000			$	5,893,000
Variable expenses			1,308,000			2,522,000				3,830,000
Contribution margin			1,456,000			607,000				2,063,000
Fixed expenses			649,000			619,000				1,268,000
Operating income		$	807,000		$	(12,000	)		$	795,000

In preparing the income statement, Ivanhoe was unsure what to do with $244,000 in corporate fixed expenses that cannot be traced to a division. Since these costs were incurred to run the business, and he believed that each division benefited equally, he just allocated half to each division. (b) Prepare a segment margin income statement that highlights each divisions contribution to corporate profits. Omit the heading. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).)