Data related to the income and expenses of Moffet Company for the year ended December 31, 2019, are shown below. Use this information to prepare a departmental income statement showing contribution margin and net income of each department.

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The Answer of Data related to the income and expenses of Moffet Company for the year ended December 31, 2019, are shown below. Use this information to prepare a departmental income statement showing contribution margin and net income of each department.

Data Related to the Income and Expenses of Moffet Company