Management is concerned about the Professional Division and requests additional analysis. Additional information regarding May operations of the Professional Division is as follows: Professional Division Accounting Executive Management Books Books Books Segment Segment Segment Sales $105,000 $105,000 $97,500 Variable manufacturing expenses as a percentage of sales 60% 40% 50% Other variable expenses as a percentage of sales 5% 5% 5% Direct fixed expenses $37,500 $55,100 $37,500 Allocated common fixed expenses $3,000 $1,500 $4,500 The professional accounting books are sold to auditors and controllers. The current information on these markets is as follows: Accounting Books Segment Auditors Market Controllers Market Total Sales $22,500 $82,500 $105,000 Variable manufacturing expenses as a percentage of sales 60% 60% Other variable expenses as a percentage of sales 5% 5% Direct fixed expenses $11,250 $22,500 $33,750 Allocated common fixed expenses $1,125 $1,500 $2,625 b. Prepare an income statement segmented by market for the Accounting Books Segment of the Professional Division