Data for September concerning Greenberger Corporation's two major business segments--Fibers and Feedstocks--appear below: Sales revenues, Fibers$750,000 Sales revenues, Feedstocks$620,000 Variable expenses, Fibers$368,000 Variable expenses, Feedstocks$254,000 Traceable fixed expenses, Fibers$98,000 Traceable fixed expenses, Feedstocks$112,000 Common fixed expenses totaled $344,000 and were allocated as follows: $175,000 to the Fibers business segment and $169,000 to the Feedstocks business segment. Required: Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.
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| Total Company | Fibers | Feedstocks | ||||||
| Sales | $ | 1,370,000 | $ | 750,000 | $ | 620,000 | ||
| Variable expenses | 622,000 | 368,000 | 254,000 | |||||
| Contribution margin | 748,000 | 382,000 | 366,000 | |||||
| Traceable fixed expenses | 210,000 | 98,000 | 112,000 | |||||
| Segment margin | 538,000 | $ | 284,000 | $ | 254,000 | |||
| Common fixed expenses | 344,000 | |||||||
| Net operating income | $ | 194,000 | ||||||
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