Clay Consulting Firm provides three types of client services in three health-care-related industries. The income statement for July is as follows:

The sales, contribution margin ratios, and direct fixed expenses for the three types of services are as follows:

Prepare income statements segmented by client categories. Include a column for the entire firm in the statement.

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Clay Consulting Flrmm Income Statement For Month of July Sales Less variable costs Contribution margin Less fixed expenses 900,000 (604,000) 296,000 Service $70,000 Selling and administrative 65,000 (135,000) Net income S161,000 Hospltals Physlclans Nursing Care S340,000 $260,000 $300,000 30% $20,000 $1,500 Sales 30% 40% $19,000$14,000 Allocated common fixed service expenses $1,000 $1,000 Direct fixed expenses of services