Adventure Outfitters operates a large outdoor clothing and equipment store with three main product lines: clothing, equipment, and shoes. Adventure Outfitters operatesat capacity Click the on to view the product line information. and allocates selling, general, and administration (S, G & A) costs to each product line using the of eacho product line. The company wants to optimize the pricing and cost9 management of each product line and is wondering if its accounting system is providing it with the best information for administration costs.) making such decisions. Store manager Adien Black gathers the following information regarding the three product lines: cost of merchandise of each For 2017, Adventure Outftters budgets the following selling, general, and administration costs: (Click the icon to view the selling, general, and Read the requirements. Requirement 1. Suppose Adventure Outfitters uses cost of merchandise to allocate all S, G & A costs. Prepare budgeted product-line and total company income statements. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Use parentheses or a minus sign to enter losses.)