Dean McCrary Volkswagen had the following data fer the year's operations: (Click the icon to view the datai) The president of the dealership has long regarded the markup on material and labor for the parts and service activey as the amount that is supposed to cover all parts and service overtead plus some general overhead of the dealership. In other words, the parts and service department is viewed as a cestrecovery operaton, while the sales of vehides is viesed as the income-producing actrity Read the requirements Requirement 1. Pripare a departmentaized eperasng statemens that harmonizes with the vieas of the president (Enter a '0' for any zoro-Balances ) Wata table Requirements 1. Prepare a departmentalized operating statement that harmonizes with the views of the president. 2. Prepare an alternative operating statement that would reflect a different view of the dealership operations. Assume that $22,000 and $123,000 of the $188,000 general overhead can be allocated with confidence to the parts and service department and to sales of vehicles, respectively. The remaining $43,000 cannot be allocated except in some highly arbitrary manner. 3. Comment on the relative merits of numbers 1 and 2