Data for December concerning A Corporation's two major business segments-Fibers and Feedstocks-appear below:
Sales revenues, Fibers $600,000
Sales revenues, Feedstocks 700,000
Variable expenses, Fibers 350,000
Variable expenses, Feedstocks 250,000
Traceable fixed expenses, Fibers 120,000
Traceable fixed expenses, Feedstocks 110,000
Common fixed expenses totaled $300,000 and were allocated as follows: $200,000 to the Fibers business segment and $185,000 $100,000 to the Feedstocks business segment.
Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.