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Fausnaught Corporation has two major business segments—the Retail Division and the Wholesale Division. In October, the...

  1. Fausnaught Corporation has two major business segments—the Retail Division and the Wholesale Division. In October, the Retail business segment had sales revenues of $731,812, variable expenses of $409,726, and traceable fixed expenses of $117,202. During the same month, the Wholesale business segment had sales revenues of $402,997, variable expenses of $220,603, and traceable fixed expenses of $48,226. Common fixed expenses totaled $218,000.

           

            Required:

           

        Prepare segmented income statements for the Retail Division and for the Wholesale Division. Omit percentages; show only dollar amounts. (7 Points)

Retail Division Segment income statement

Wholesale Division Segment income Statement
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