Divisional income statements
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2016:
Cost of goods sold: Service department charges:
Commercial Division $912,250 Commercial Division $112,560 Residential Division 423,675 Residential Division 67,830
Administrative expenses: Sales:
Commercial Division $149,800 Commercial Division $1,354,500 Residential Division 128,625 Residential Division 743,780
Prepare divisional income statements for Jersey Coast Construction Company.