2 Rope Company is a retail store with two operating departments, Clothes and Shoes. Information follows. (26 points) For Year Ended December 31 Sales Cost of goods sold Direct expenses: Wages Supplies used Depreciation Clothes $812,500 Shoes $437,500 405,000 284,375 118,000 86,000 18,000 10,300 17,500 12,500 The company reports the following indirect expenses for the year. Indirect Expense Utilities Supervisor salaries Amount $6,400 Square feet of space occupied Allocation Base 31,000 Number of employees in department Additional information about the two departments follows. Department Square Footage Number of Employees Clothes 28,700 70 Shoes 12,300 30 Prepare departmental income statements.