Pratt Corporation has two major business segments-Apparel and Accessories.Data concerning those segments for October appear below: 
Common fixed expenses totaled $153, 000 and were allocated as follows: $73, 000 to the Apparel business segment and $80, 000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company.Omit percentages;show only dollar amounts.
Definitions:
Inventory Needed
The quantity of stock that a business requires to meet its upcoming production and sales needs.
Direct Labor
The labor costs directly attributable to the production of goods or services, typically wages for workers who manufacture a product or perform a service.
Lean Manufacturing
A systematic method for waste minimization within a manufacturing system without sacrificing productivity.
Business Philosophy
The underlying principles and values that guide the operations, decisions, and overall direction of a company.
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