The Los Angeles Division of Awercamp Manufacturing produces and markets two product lines: Racquets and Gloves.The following data were gathered on activities last month: 
Required:
Prepare a segmented income statement for last month.
Definitions:
Contingent Liabilities
Liabilities that may arise from past transactions if certain events occur in the future.
Interest Expense
The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.
360-Day Year
A financial convention that simplifies interest calculations by assuming a year has 360 days.
Note Payable
A financial obligation or loan documented by a written promissory note specifying repayment terms, interest rates, and maturity dates.
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