Reference no: EM132967647
PDT Co. has two divisions, East and West. Invested assets and condensed income statement data for each division for the past year ended December 31 are as follows:
East Division West Division
Revenues $1,200,000 $800,000
Operating expenses $950,000 $640,000
Operating income before service department charges ? $ ?
Service department charges $145,000 $72,000
Invested assets $800,000 $500,000
Problem a. Prepare condensed income statements for the past year for each division.
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