Preparation of segmented income statement.
GL, Inc. has two product divisions. Division G sells a product with a selling price per unit of $100, variable expenses per unit of $54, and traceable fixed expenses of $142,000. Division G produced and sold 45,000 units of the product. Common fixed expenses for GL, Inc. were $250,000. Prepare a segmented income statement for Division G showing the profit if common costs are allocated equally between the company's divisions.