Hello, I need help with the following question for a managerial accounting class:

REQUIRED:

1. Prepare an income statement segmented by division for first quarter 2018. (Include Company total)

2. Prepare an income statement segmented by product for the Gift Basket divison. (Include Divison total)

Segment Income Statements Nutty Co. Gourmet Snacks has two divisions: Gift Baskets and Packaged Snacks. For first quarter 2018, Gift Baskets had a revenue of $1,125,000 and Packaged Snacks had a revenue of $750,000. Fixed costs were $165,000 for Gift Baskets and $105,000 for Packaged Snacks. Variable costs were $201,450 for Gift Baskets and $185,750 for Packaged Snacks. There were $65,000 of common expenses. The Gift Basket division makes three levels of baskets: Basic, Moderate, and Deluxe. Information for each of the levels of baskets follows. Basic 30% Moderate 45% Deluxe 25% Direct fixed expenses 85,000 $ 73,000 S 52,000