Question: The following data were summarized from the accounting records for DeSalvo Construction Company for the year ended June 30, 2010: Prepare divisional income statements for

The following data were summarized from the accounting records for DeSalvo Construction Company for the year ended June 30, 2010:

Prepare divisional income statements for DeSalvo Construction Company.

Service department charges: Residential Division Industrial Division Net sales: Residential Division Industrial Division Cost of goods sold: Residential Division. Industrial Division Administrative expenses: Residential Division Industrial Division $415,200 206,350 $ 56,400 35,480 $ 74,500 72,400 $625,000 367,500

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