Departmental Income Statement The following information was obtained from the ledger of Sowell Emporium, foc at the end of 2016 Stillwell Emporium, Inc. December 31, 2016 Debit Credit Calh 21.008 Arious cava 100 Very December 31, 2018 45,00 Equipment and fitures the Account payable Commen Betained eaming $7.000 $34.008) 120.000 3000 Revenue department 37,000 evenue department D 151,000 Cast of goods snit-department a 216,000 Cast of goods and department b 20,000 Sales salaries expense 83,000 Adversing experse 40,000 surance expense (on merchand 10,000 Uncofectible accounts expense 3,000 Occupancy expense 1,000 Office and other adminstrative expense 43.000 $714,000 $714,000) Stillwell analyzes its operating expenses at the end of each period in order to prepare an income statement that will exhibit departmental contribution to common expenses. From payrol recorch advertising copy, and other records, the following tabulation was obtained Sales salaries expense Advertong expense insurance expense Occupancy expense Traceable Expense Commen Dept. A Dept. 8 Expense $51,000 $23.000 $9.000 18.000 5,000 13,000 8000 2,000 16.000 Sales salaries expense Advertising expense Imurance expense Expense Common Dept. A Dept. 8 Expense $51,000 $23,000 $3.000 1000 9,000 12.003 000 2,000 Uncollectible accounts expense 16.000 2,000 1,000 Office and other administrative expense 20.000 12.000 11.000 Prepare a departmental income statement for Stillwell Emporium, Inc. showing departmental contribution to common expenses, assuming an overall income tax rate of 30% Do not use negative signs with your answers below. Sales Cost of goods sold Stillwell Emporium, Inc. Departmental Income Statement For the Year Ended December 31, 2016 Dept. A Dept. Total 01 0 Gross profit Operating expenses Sales salaries expense Advertising expense Q Insurance expense Uncollectible accounts expense Office and other administrative expense 0 Traceable operating expenses Contribution to common expenses 0 0 0 Common expenses Income before tax come tax expense fet income