The following segmented annual income statement is for Sports Equipment, Inc. ...
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Accounting
The following segmented annual income statement is for Sports Equipment, Inc.
| Product Lines | ||||
| Golf | Fishing | Football | Total | |
| Sales revenue | $100,000 | $400,000 | $500,000 | $1.000,000 |
| Variable costs | 60,000 | 200,000 | 340,000 | 600,000 |
| Contribution margin | $40,000 | $200,000 | $160,000 | $400,000 |
| Direct fixed costs | 16,000 | 24,000 | 36,000 | 76,000 |
| Allocated fixed costs | ? | ? | ? | 90,000 |
| Profit (loss) | $ ? | $ ? | $ ? | $ ? |
If allocated fixed costs are based on sales revenue for each product line as a proportion of total sales revenue, what is the total profit or (loss) for all product lines?
Group of answer choices
$1,000,000
$117,000
$234,000
$72,000
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