Preparation of Responsibility Income Statements
Hal-Marts' Inc

Preparation of responsibility income statements
Hal-Marts' Inc. has two sales departments: equipment and clothing. During February, these two departments reported the following operating results:

In addition, fixed costs common to both departments amounted to $54,400.
Complete the following responsibility income statement for Hal-Marts, Inc. Follow the contribution margin approach, and show percentages as well as dollar amounts. Conclude your income statement with the company's income from operations.
HAL-MARTS, INC
Income Statement by Product Lines
For the Month Ended February 28, 20__
$$\begin{array} { | l | l | l | l | l | l | l | } \hline & \text { Hal-Mart, Inc. } &&& \text { Segments } \\\hline &&\text { Equipment } && \text { Clothing } \\\hline & \text { Dollars } & \% & \text { Dollars } & \% & \text { Dollars } & \% \\\hline \text { Sales } & & & \$ 490,000 & & \$ 250,000 & \\\hline \text { Contribution margin } & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline & & & & & & \\\hline\end{array}$$