Question - Tomlin Corp has two major business segments, Easter and Western. In October, the Eastern business segment had sales revenues of $750,000 and variable expenses of $420,000. During the same month the Western segment had sales revenues of $380,000 and variable expenses of $240,000. Traceable fixed expenses totaled $210,000 and were allocated 70% to Eastern and 30% to Western. Common fixed expenses totaled $278,000.
Required: Please prepare a segmented income statement in the contribution format for the company.