Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November Cost of goods sold: Support department allocations: Commercial Division Residential Division Administrative expenses: Commercial Division Residential Division $419,830 195,920 $76,330 69,970 Operating income Commercial Division Residential Division Sales: Commercial Division Residential Division Prepare divisional income statements for Ruiz Industries Inc. Sales Cost of goods sold Gross profit Administrative expenses Operating income before support department allocations Support department allocations $57,250 33,940 $636,100 349,860 Ruiz Industries Inc. Divisional Income Statements For the Year Ended November 30, 2018 Commercial Division Residential Division

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