Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. Sales Variable costs (as a percentage of sales) Traceable fixed costs Hardware $ 600,000 $ 250,000 Dollars 40% Entire Company In addition, fixed costs common to both divisions amounted to $223,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each division. (Round percentage answers to 2 decimal place. i.e. 0.1234 should be considered as 12.34%.) NICHOLAS TECHNOLOGIES Responsibility Income Statement For the Current Month Percent of Sales % % Software $ 880,000 $ 125,000 % % 45% Hardware Services Division Dollars Percent of Sales % % % Software Services Division Dollars Percent of Sales % % %

Nicholas Technologies operates two divisions: Hardware Services and Software Services. During the current month, the two divisions reported the following results. In addition, fixed costs common to both divisions amounted to $223,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each division. (Round percentage answers to 2 decimal place. i.e. 0.1234 should be considered as 12.34%.)