Oriole Equipment sells equipment to sports enthusiasts. Doug Oriole, the company's president, just received the following income statement reporting the results of the past year.

		Baseball		Soccer		Basketball		Total
Sales revenue		$1,290,000			$3,690,000		$2,427,000			$7,407,000
Variable cost of goods sold		870,000			2,398,500		1,953,600			5,222,100
Fixed cost of goods sold		117,500			191,700		168,900			478,100
Gross profit		302,500			1,099,800		304,500			1,706,800
Variable operating expenses		174,000			590,400		242,700			1,007,100
Fixed operating expenses		81,000			86,100		74,700			241,800
Common fixed costs		61,500			132,000		99,300			292,800
Operating income		($14,000)			$291,300		($112,200)			$165,100

Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear.

(a)

Do a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).)

		Baseball		Soccer		Basketball		Total
select an income statement item Common Fixed ExpensesOperating ExpensesContribution MarginOperating IncomeSales RevenueTraceable Fixed ExpensesCost of Goods SoldSegment MarginVariable Expenses		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select between addition and deduction LessAdd:select an opening name for section one Contribution MarginSegment MarginCommon Fixed ExpensesVariable ExpensesSales RevenueTraceable Fixed ExpensesOperating ExpensesCost of Goods SoldOperating Income
select an income statement item Segment MarginTraceable Fixed ExpensesContribution MarginVariable ExpensesSales RevenueCommon Fixed ExpensesOperating IncomeOperating ExpensesCost of Goods Sold		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Traceable Fixed ExpensesSegment MarginCost of Goods SoldSales RevenueContribution MarginOperating ExpensesCommon Fixed ExpensesOperating IncomeVariable Expenses		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the first part Cost of Goods SoldSegment MarginCommon Fixed ExpensesOperating IncomeContribution MarginOperating ExpensesVariable ExpensesTraceable Fixed ExpensesSales Revenue		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part		enter a total amount for the first part
select an opening name for section two Traceable Fixed ExpensesSegment MarginVariable ExpensesContribution MarginOperating IncomeSales RevenueCost of Goods SoldCommon Fixed ExpensesOperating Expenses
select an income statement item Segment MarginTraceable Fixed ExpensesVariable ExpensesSales RevenueOperating IncomeContribution MarginCost of Goods SoldCommon Fixed ExpensesOperating Expenses		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select an income statement item Traceable Fixed ExpensesSegment MarginCost of Goods SoldVariable ExpensesOperating ExpensesSales RevenueOperating IncomeCommon Fixed ExpensesContribution Margin		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Operating IncomeVariable ExpensesTraceable Fixed ExpensesCommon Fixed ExpensesCost of Goods SoldSales RevenueOperating ExpensesContribution MarginSegment Margin		$enter a total amount for the second part		$enter a total amount for the second part		$enter a total amount for the second part		enter a total amount for the second part
select an income statement item Variable ExpensesCost of Goods SoldCommon Fixed ExpensesContribution MarginOperating IncomeOperating ExpensesSegment MarginTraceable Fixed ExpensesSales Revenue								enter a dollar amount
select a closing name for this statement Traceable Fixed ExpensesOperating IncomeVariable ExpensesCost of Goods SoldSegment MarginOperating ExpensesCommon Fixed ExpensesSales RevenueContribution Margin