1. Redo the segmented income statement using the contribution format.Total variable cost expensesCommercial Total Variable expenseResidential Total Variable ExpenseCompanywide segment marginCommercial Segment MarginResidential Segment MarginCompanywide net operating income2. Compute the companywide breakeven point in dollar sales. Round to nearest whole number.3. Compute breakeven point in dollar sales for the Commercial Division. Round to nearest whole number.4. Compute breakeven point in dollar sales for the Residential Division. Round to nearest whole number.

F Flag question T Company is a merchandiser with two business segments - Commercial and Residential. The company assigned its interns to prepare a segmented income statement to assist management in making decision. The following was submitted: Total Company Commercial Residential LO Sales $750,000 $250,000 $500,000 Cost of goods sold 500.000 140.000 360,000 Gross margin 250,000 1 10,000 140,000 Selling and administrative expense 240.000 104,000 136,000 Net Operating Income $10,000 $6,000 $4,000 The following were noted upon preparing the report: the company's only variable selling and administrative expense is a 10% sales commission on all sales. The company's total fixed expenses include $72,000 of common fixed expenses that would continue to be incurred even if the Commercial or Residential segments are discontinued, $55,000 of fixed expenses that would be avoided if the Commercial segment is dropped and $38,000 of fixed expenses that would be avoided if the Residential segment is dropped