The following data were summarized from the accounting records for Huggins Construction Company for the year ended June 30, 2008:
Cost of goods sold: |
|
Service department charges: |
|
Residential Division |
$300,800 |
Residential Division |
$ 54,240 |
Industrial Division |
167,840 |
Industrial Division |
24,960 |
Administrative expenses: |
|
Net sales: |
|
Residential Division |
$80,320 |
Residential Division |
$516,000 |
Industrial Division |
66,560 |
Industrial Division |
321,920 |
Prepare divisional income statements for Huggins Construction Company.