A retailer pays $130,000 rent each year for its two-story building. The space in this building is occupied by live departments as specified here Department Cosmetics Housewares Tools Shoes So fotocopied 1,750 (first-floor) 2,540 (First floor) 3,04 (second floor 72 (second floor) 1,804 (second floor) 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 The company allocates 75% of total rent expense to the first floor and 25% to the second floor and then allocates vent expense for each floor to the departments occupying that floor on the basis of space occupied. Determine the rent expense to be allocated to each department. Step 1: Allocate total ront expense between the two floors. Amount Allocated of Total Cont First floor 15 Second floor Totals OX $ 0 Step 2 Allocate the portions of total rent expense across the departments Occupying each floor First Floor Sq Feet % of Total Cost Jewelry Dopt Cosmetics Dept Totals 0 0% $ Second Floor Sq Feet of Total Cost Housewares Dept 5 Tools Dopt Shoes Dopt 90 Totals 0 0 015 S