Carryit, Inc. Use the following information to complete the next question. Carryit, Inc. sells specialty purses and backpacks. The company began operations in January 2019 with one store location and one administrative (service) office location. Its departmental income statement for 2019 follows. Carryit, Inc. Departmental Income Statement For the Year Ended December 31, 2019 Purses Combined Backpacks 140,000 Sales 210,000 350,000 189,700 Cost of goods sold 102,900 86,800 Gross profit 107,100 53,200 160,300 Direct expenses Sales salaries 22,000 30,000 1,000 52,000 1,700 700 Advertising Store supplies used Depreciation Equipment 750 400 1,150 3,000 1,500 4,500 Total direct expenses 34,750 24,600 59,350 Allocated expenses 9,750 15,000 Rent expense Utilities expense 5,250 1,925 3,575 5,500 Carryit, Inc. Use the following information to complete the next question. Carryit, Inc. sells specialty purses and backpacks. The company began operations in January 2019 with one store location and one administrative (service) office location. Its departmental income statement for 2019 follows. Carryit, Inc. Departmental Income Statement For the Year Ended December 31, 2019 Purses Combined Backpacks 140,000 Sales 210,000 350,000 189,700 Cost of goods sold 102,900 86,800 Gross profit 107,100 53,200 160,300 Direct expenses Sales salaries 22,000 30,000 1,000 52,000 1,700 700 Advertising Store supplies used Depreciation Equipment 750 400 1,150 3,000 1,500 4,500 Total direct expenses 34,750 24,600 59,350 Allocated expenses 9,750 15,000 Rent expense Utilities expense 5,250 1,925 3,575 5,500