Income Statement With Departmental Direct Operating Margin and Total Operating Income 1. Prepare an income statement showing departmental direct operating margin and total operating income. 2. Calculate departmental direct operating margin percentages. If required, round your answers to one decimal place. Durwood Thomas operates the business Thomas Security that sells security equipment for commercial property and residential homes. The following information is provided for the year ended December 31, 20 Instructions Commercial Residential Property Homes $134,100 54,000 $464,900 Net sales Cost of goods sold Direct operating expenses: 279,600 20,200 17,600 15,500 Advertising expense Store clerks' wages expense Truck drivers' wages expense Bad debt expense Depreciation expense-delivery equipment Other operating expenses 35,500 30,200 15,500 8,300 5,750 19,900 2,750 4,250 9,700 Indirect operating expenses: Store clerks' wages expense Advertising expense Store rent expense Other operating expenses $9,700 15,200 20,200 10,100 1. Prepare an income statement showing departmental direct operating margin and total operating income. Thomas Security Income Statement Commercial Property Residential Homes Total Net sales Cost of goods sold Gross profit Direct operating expenses Advertising expense Store clerks' wages expense Truck drivers' wages expense Bad debt expense Depreciation expense-delivery equipment Other operating expenses Total direct operating expenses Departmental direct operating margin Indirect operating expenses: Store clerks' wages expense Advertising expense Store rent expense Other operating expenses Total indirect operating expenses Operating income 2. Calculate departmental direct operating margin percentages. If required, round your answers to one decimal place. Commercial property direct operating margin percentage Residential homes direct operating margin percentage