Business, 12.06.2021 17:00 goat46

The vice president of operations of Free Ride Bike Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows: Road Bike DivisionMountain Bike Division Sales$2,280,000 $2,400,000 Cost of goods sold1,003,000 1,128,000 Operating expenses866,600 912,000 Invested assets1,900,000 1,600,000 Required: 1. Prepare condensed divisional income statements for the year ended December 31, 20Y7, assuming that there were no support department allocations.

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