Problem Four - Segmented Income Statement (20 point value) Information pertaining to the Sleepy Co. is as follows: Sales Variable cost of goods sold Direct fixed overhead Fleece Blanket $425,000 123,000 32,000 Thermal Blanket $524,000 213,000 36,000 A sales commission of 3% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $28,000 for the fleece blankets and $66,000 for the thermal blankets. Common fixed overhead for the factory was estimated to be $83,000 and common selling and administrative expense was estimated to be $16,000. Required: Prepare a segmented income statement for Sleepy Co. for the coming year, using variable costing