20 5 points Skipped Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Sales Cost of goods sold Direct expenses Wages Supplies used Depreciation Clothes $825,600 Shoes $ 464,400 440,000 301,860 123,000 80,000 12,000 10,600 16,000 12,500 The company reports the following indirect expenses for the year. eBook Print Indirect Expense Utilities Supervisor salaries Amount $ 7,200 33,000 Allocation Base Square feet of space occupied Number of employees in department Additional Information about the two departments follows. Department Square Footage Number of Employees Clothes Shoes Required: 28,800 19,200 66 44 1. Allocate indirect expenses to the two operating departments. 2. Prepare departmental income statements.