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Divisional Income Statements
The following data were summarized from the accounting records for DeSalvo Construction Company for the year ended June 30, 2014:
| Cost of goods sold: | | | Service department charges: | |
| | Commercial Division | $366,820 | | | Commercial Division | $50,020 |
| | Residential Division | 171,180 | | | Residential Division | 29,650 |
| Administrative expenses: | | | Net sales: | |
| | Commercial Division | $66,690 | | | Commercial Division | $555,790 |
| | Residential Division | 61,140 | | | Residential Division | 305,680 |
| Prepare divisional income statements for DeSalvo Construction Company. | DeSalvo Construction Company | | | Divisional Income Statements | | | For the Year Ended June 30, 2014 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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