Hello, I need help on this problem. Information is provided on the first two pages, then the last two pages are how it should be formated. Please provided how you got the anwsers.

Thank you!

PROBLEM The objective of Problem s is to reinforce yeur understanding er the segmented income statement wnd how it can be determine if a product line should be dropped Background Goodwood Collections Product Lines Goodwood Collections sells three different product lines in its retail store chain has opened a store in town ore ofthe Recently a large international home i compete directly with Goodwood Collections kitehen cabinet product prices on all kitchen cabinets sold in store sells is kitchen These Pat is feeling this competitive pressure and been forced lower Collections retail store. In addition, because the kitchen cabinet product line. ne requires some custom design, fitting, and parts for it has higher costs than the office furniture and home furniture product lines. So, Pat believes that Goodwood Collections is losing money on the kitchen cabinet product line Sales and Cost Analysis You help Pat analyze and assemble the following annual sales and cost information for each of the three product Sales by product line: Office furniture sales dollars 720,000 furniture sales dollars Home Kitchen cabinet sales dollars office Fumiture variable expenses Percentage of sales dollars: Cost of goods sold 54% Commissions Freight out Supplies Home Furniture variable expenses-Percentage of sales dollars: Cost of goods sold Freight out 5% Kitchen Cabinets variable expenses-Percentage of sales dollars Cost of goods sold 49% Freight out 3% Supplies Fixed advertising expenses directly traceable to each product line: s 3.200 Office furniture Home furniture 20,800 Kitchen cabinet 12