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 $31,20$Y$9,$ the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted:

Line Item Description Amount

Sales$$Winter Sports Division $$37,800,000$

Sales$$Summer Sports Division $41,760,000$

Cost of Goods Sold$$Winter Sports Division $22,680,000$

Cost of Goods Sold$$Summer Sports Division $24,120,000$

Sales Expense$$Winter Sports Division $6,480,000$

Sales Expense$$Summer Sports Division $5,760,000$

Administrative Expense$$Winter Sports Division $3,780,000$

Administrative Expense$$Summer Sports Division $3,708,000$

Advertising Expense $990,000$

Transportation Expense $435,000$

Accounts Receivable Collection Expense $250,200$

Warehouse Expense $3,600,000$

The bases to be used in allocating expenses, together with other information, are as follows:

Advertising expense$$incurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, $$465,000$; Summer Sports Division, $$525,000.$

Transportation expense$$allocated to divisions at a rate of $$15$ per bill of lading: Winter Sports Division, $13,800$ bills of lading; Summer Sports Division, $15,200$ bills of lading.

Accounts receivable collection expense$$incurred at headquarters, allocated to divisions at a rate of $$9$ per invoice: Winter Sports Division, $12,800$ sales invoices; Summer Sports Division, $15,000$ sales invoices.

Warehouse expense$$allocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, $180,000$ square feet; Summer Sports Division, $220,000$ square feet.

Question Content Area

Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar.