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Current Attempt in Progress Marigold, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 62,341,000 $ 23,980,000 $ 6,118,000 $ 92,439,000 Variable cost of goods sold 31,247,000 12,010,000 3,678,000 46,935,000 Fixed cost of goods sold 9,002,000 5,000,000 700,000 14,702,000 Gross profit 22,092,000 6,970,000 1,740,000 30,802,000 Variable operating expenses 8,012,000 1,510,000 855,000 10,377,000 Fixed operating expenses 4,020,000 1,010,000 309,000 5,339,000 Allocated corporate costs 3,004,000 2,008,000 1,021,000 6,033,000 Operating income $ 7,056,000 $ 2,442,000 $ (445,000) $ 9,053,000 (a) Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Yachts Sailboats Sales revenue $ $ Less : Variable expenses Cost of goods sold Variable expenses Contribution margin Common fixed expenses Cost of goods sold Operating expenses Segment margin $ $ e Textbook and Media Marigold, Ltd., manufactures boats and personal watercraft. The company operates three separate divisions: yachts, sailboats, and jet skis. The company's latest income statement is presented by product line as follows: Yachts Sailboats Jet Skis Total Sales revenue $ 62,341,000 $ 23,980,000 $ 6,118,000 $ 92,439,000 Variable cost of goods sold 31,247,000 12,010,000 3,678,000 46,935,000 Fixed cost of goods sold 9,002,000 5,000,000 700,000 14,702,000 Gross profit 22,092,000 6,970,000 1,740,000 30,802,000 Variable operating expenses 8,012,000 1,510,000 855,000 10,377,000 Fixed operating expenses 4,020,000 1,010,000 309,000 5,339,000 Allocated corporate costs 3,004,000 2,008,000 1,021,000 6,033,000 Operating income $ 7,056,000 $ 2,442,000 $ (445,000) $ 9,053,000 (a) Prepare a segment margin income statement showing each of the three divisions. Fixed cost of goods sold and fixed operating expenses can be traced to each product line. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Sailboats Jet Skis Total $ $ IUL $ $

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