Departmental Income Statement The following information was obtained from the ledger of Woodfield Candies, Inc.: Woodfield Candies, Inc. Trial Balance December 31 Debit Credit Cash $42,000 Accounts receivable (net) 156,000 Inventory, December 31 180,000 Equipment and fixtures (net) 540,000 Accounts payable $108,000 Common stock 450,000 Retained earnings 180,000 Revenue -department X 840,000 Revenue -department Y 360,000 Cost of goods sold - department X 420,000 Cost of goods sold - department Y 216,000 Sales salaries expense 192,000 Advertising expense 42,000 Insurance expense 24,000 Uncollectible accounts expense 9,000 Occupancy expense 36,000 Office and other administrative expense 81,000