Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Support department allocations: Cost of goods sold: Commercial Division $350,940 Commercial Division $47,850 Residential Division Residential Division 169,720 29,400 Administrative expenses: Sales: Commercial Division $63,810 Commercial Division $531,720 Residential Division Residential Division 60,620 303,080 Prepare divisional income statements for Ruiz Industries Inc. Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Commercial Division Residential Division

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