Everett Tool Company Has Two Retail Stores, One in Dallas

Essay

Everett Tool Company has two retail stores, one in Dallas and the other in Sand Creek. The Dallas store had sales of $200,000, a contribution margin of 35 percent, and a segment margin of $28,000. The company's two stores have total sales of $500,000, an average contribution margin of 32 percent, and a total segment margin of $62,000.
Required:
Prepare a segmented income statement for Everett.