Center Responsibility Reporting Championship Sports Inc. operates two divisions--the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2049, the end of the fiscal year, after al adjustments, including those for inventories, were recorded and posted: Sales-Winter Sports Division $31.000.000 Sales-Summer Sports Division 34,335,000 Cost of Goods Sold-Winter Sports Division 18,648,000 Cost of Goods Sold-Summer Sports Division 19,832,000 Sales Expense-Winter Sports Division 5,328.000 Sales Expense-Summer Sports Division 4,736.000 Administrative Expense-Winter Sports Division 3.100.000 Administrative Expense-Summer Sports Division 3,048.800 Advertising Expense 1.005.000 Transportation Expense 463.500 Accounts Receivable Collection Expense 207.900 Warehouse pense 2. The best to be used in a locating expenses, together with other formation are as follows & Advertising expense incurred headquarters, allocated to divisions on the basis of usage: Winter Sports Division, 1472,000, Summer Sports Division, 8531.000 Transportation expense-allocated to divisions at a rate of $15 per bill of lading: Winter Sports Division, 14,700 bits of lading: Summer Sports Division, 16.200 bis of lading Accounts receivable collection expense incurred at headquarters located to start of 7 per Winter Sports Division 13,700 vies Summer Sports Division, 16.000 sales d. Warehouse expense-alocated to divisions on the basis of hoor space wed in woning division products Winter Sports Division, 140,000 square feet Summer Sports Division, 180,000 square feet Prepare a divisional income statement with two column headings Winter Sports Division and Summer Sports Division. Do not round your interim calculations Championship Sports Inc For the Year Ended December 31, 2019 Winter Sports Division Summer Sports Division Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 2019 Winter Sports Division Summer Sports Division Sales Cost of goods sold Gross profit Divisional selling and administrative expenses: Divisional selling expenses Divisional administrative expenses Total divisional seling and administrative expenses Operating income before support department allocations Support department allocations: Advertising expense Transportation expense Accounts receivable collection expense Warehouse expense Total support department allocations Operating income Provide supporting schedules for determining support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar. Championship Sports Inc. Support Department Allocations For the Year Ended December 31, 2049 Winter Sports Division Summer Sports Division Total Advertising expense Transportatione per bill of lading Number of bits of lading Transportation expense Number of sales invoices Inn Accounts receivable collection expense Warehousemate perso Number of souare feet Warehouse pense
