**PLEASE DO NOT COPY AND PASTE ANSWERS FROM SIMILAR QUESTION. ANSWER WILL BE WRONG!

Income Statements Segmented by Products Clay Consulting Firm provides three types of client services in three health-care-related industries. The income statement for July is as follows:

Income Statements Segmented by Products Clay Consulting Firm provides three types of client services in three health-care-related industries. The income statement for July is as follows: Clay Consulting Firm Income Statement For Month of July Sales $900,0 00 Less variable costs (650,00 0) Contribution margin 250,00 0 Less fixed expenses Service $70,0 00 Selling and administrative (65,00 0) Net income (135,00 0) $115,0 00 The sales, contribution margin ratios, and direct fixed expenses for the three types of services are as follows: Hospit als Physici ans Nursing Care Sales $350,0 00 $250,00 0 $300,000 Contribution margin ratio 25% 35% 25% Direct fixed expenses of services $20,00 0 $18,000 $16,000 Allocated common fixed service expenses $1,000 $1,000 $1,500 Prepare income statements segmented by client categories. Include a column for the entire firm in the statement. Clay Consulting Firm Product and Company Income Statements For the Month of July Hospitals Sales $Answer $Answer 0 Contribution margin Answer Direct fixed expenses Answer Product margin Answer Allocated common costs Answer 0 0 0 0 $Answer Product income 0 Answer Answer Answer Answer $Answer 0 0 Answer 0 Answer 0 0 0 0 0 Answer 0 0 Answer Answer $Answer 0 Answer 0 Answer 0 Answer Company Totals $Answer 0 Answer 0 Nursing Care $Answer 0 Answer Variable costs Physicians 0 0 0 Answer 0 Answer 0 Answer 0 Unallocated common expenses: Selling and administrative Answer Service (less allocated expenses/costs) Answer Answer Total 0 0 0 Clay Consulting Firm Product and Company Income Statements For the Month of July Hospitals Net income Physicians Nursing Care Company Totals $Answer 0