4 A retailer pays $200,000 rent each year for its two-story building. The space in this building is occupied by five departments as specified here. 1,400 square feet of first-floor space 2,600 square feet of first-floor space 1,720 square feet of second-floor space 768 square feet of second-floor space 1,520 square feet of second-floor space Jewelry department Cosmetics department 5 Tools department Shoes department The company allocates 75% of total rent expense to the first floor and 25% to the second floor, and then allocates rent expense for each floor to the departments occupying that floor on the basis of space occupied Hint Determine the rent expense to be allocated to each department %Of Total Cost Print First floor Second floor Totals S 200,000 200,000 5%) $ 150,000 50,000 100%)$ 200.000 25% First Floor Sq. Feet % of Total Cost Jewelry Dept Cosmetics Dept Totals 1,400 2,600 4.000 Sq. Feet | 1,720 760 1,520 35% 65% 100% | $ Second Floor Housewares Dept Tools Dept Shoes Dept Totals % of Total Cost 43% 19% 0% 100%) $