Week 14 - Divisional performance analysis and evaluation The vice president of operations of Moab Bike Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year ending October 31, 20Y9, for each division are as follows: Touring Bike Division Trail Bike Division Sales $1,500,000 $5,400,000 Cost of goods sold 900,000 4,000,000 Operating expenses Invested assets 495,000 968,000 750,000 3,600,000 Instructions 1. Prepare condensed divisional income statements for the year ended October 31, 20Y9, assuming that there were no service department charges. Touting Bike Division Trial Bike Division 1