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Dakota Company has two divisions: North and South. For 2011, North had revenues of $200,000...

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Accounting

Dakota Company has two divisions: North and South. For 2011, North had revenues of $200,000 and South had $600,000. In the North Division, fixed expenses were $60,000 and variable expenses were $80,000. In the South Division, fixed expenses were $280,000 and variable expenses were $150,000. Common costs or unallocated common costs were $90,000. (16 points)

Prepare income statements for each division and the company totals in a format appropriate for segment reporting.

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