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Segmented Income Statement Kanata Nurseries Inc. grows poinsettias and fruit trees in a green houseursery...

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Segmented Income Statement Kanata Nurseries Inc. grows poinsettias and fruit trees in a green houseursery operation filowing information was provided for the coming year Poinsettias Fruit Trees Sales $ 960,000 $2,960,000 Variable cost of goods sold 460,000 1,630,000 Direct fixed overhead 160,000 200,000 A sales commission of 4% of sales is paid for each of the two product lines. Direct fixed selling and administrative expense was estimated to be $146,000 for the poinsettia ine and $87,000 for the fruit tree line Common fixed overhead for the nursery Operation was estimated to be $300,000, common selling and administrative expense was estimated to be $450,000 Required: Prepare a segmented income statement for Kanata Nurseries for the coming year, using variable costing. If a value needs to be deducted, remember to include a negative (-) sign. Kanata Nurseries the Segmented Income Statement For the Coming Year Points Frut Tree Tota Les variable expenses Les directed expens 000 000 On On O in In D

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