Championship Sports Inc.

Divisional Income Statements

For the Year Ended December $31,20$ Y$9$

Line Item Description

Sales

Cost of goods sold

Gross profit

Divisional selling and administrative expenses:

Divisional selling expenses

Divisional administrative expenses

Total divisional selling 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