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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

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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, 20rg, the end of the fiscal year, after all adjustments, induding those for inventocles, were reconded and posted: The bases to be used in allocating oxpentes, together with other information, are as folows: a. Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Wimter Sports Division, 5512,000 ; 5ummer Sports Division, 3579,000 . b. Transportation expense-aliocated to divisions at a rate of $12 per bill of lading: Winter Sports Division, 13,500 bils of lading; Jiemmer Sponts Division. 14,900 bits of lading c. Accounts receivable collection expense-incurred at headquarters, allocated to divisions at a fate of 59 per invece: Winter Sports Divis on, 12.600 sa es inveices: Summer 5 ports Division, 14,700 sales invoices. d. Warehouse expense-allocated to divisions on the basis of floor spoce used in storing division products: Winter Sports Division, 180,000 square feet; Summer Sports Olvision, 220,000 square feet. Prepare a. divisional income statement with two columa headings: Winter Sports Division and Summer Sports Division. Do not round your interim caiculations. Championship 5 ports Inc. Divisional Income statements For the Year Ended Decemher at, gove Provide supporting computations for suppert department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar

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