Segmented Income Statement Instructions Labels and Amount Descriptions Segmented Income Statement Instructions Gorman Nurseries Inc. grows poinsettias and fruit trees in a green house nursery operation. The following information was provided for the coming year. Sales Variable cost of goods sold Direct foved overhead Poinsettias $ 970,900 460,900 160,700 Fruit Trees $3,100,800 1,630,800 200.000 A sales commission of 3% of sales is paid for each of the two product lines. Direct feed selling and administrative expense was estimated to be 5146,000 for the poinsettia line and 586,900 for the fruit tree line. Common fixed overhead for the nursery operation was estimated to be $799 900. common selling and administrative expense was estimated to be $449.800 Resuired: Prepare a segmented income statement for Gorman Nurseries for the coming year us