Please provide formulas/solutions used when posting solutions to all required parts

Problem 6, 15 points: Carolina Company has two divisions: North and South. For 2014, North had revenues of $400,000 and South had $1,200,000. In the North Division, fixed expenses were $60,000 and variable expenses were $80,000. In the South Division, fixed expenses were $280,000 and variable expenses were $150,000. Common expenses were $90,000. Required: Prepare income statements for each division and the company in a format appropriate for segment reporting