Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Sales Cost of goods sold Direct expenses: Wages Supplies used Depreciation Shoes $ 455,000 Clothes $ 845,000 480,000 295,750 124,000 82,000 16,000 10,300 19,500 13,500 The company reports the following indirect expenses for the year. Indirect Expense Utilities Supervisor salaries Amount $ 7,200 33,000 Allocation Base Square feet of space occupied Number of employees in department Additional information about the two departments follows. Department Square Footage Number of Employees Clothes Shoes Required: 30,800 13,200 77 33 1. Allocate indirect expenses to the two operating departments. 2. Prepare departmental income statements. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate indirect expenses to the two operating departments. Allocation of $7,200 of utilities expense Department Clothes Shoes Total Square Footage 0 Percent of Total Cost Allocated Allocation of $33,000 of supervisor salaries expense Clothes Shoes Total Employees 0% $ 0 Percent of Total Cost Allocated 0 0% $ 0 Required 1 Required 2 > Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Sales Cost of goods sold Clothes Shoes $ 845,000 $ 455,000 Direct expenses: Wages Supplies used Depreciation 480,000 295,750 124,000 82,000 16,000 10,300 19,500 13,500 The company reports the following indirect expenses for the year. Indirect Expense Utilities Supervisor salaries Amount $ 7,200 33,000 Allocation Base Square feet of space occupied Number of employees in department Additional information about the two departments follows. Department Square Footage Number of Employees Clothes Shoes Required: 30,800 13,200 77 33 1. Allocate indirect expenses to the two operating departments. 2. Prepare departmental income statements. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare departmental income statements. DIAZ COMPANY Departmental Income Statements For Year Ended December 31 Sales Less: Cost of goods sold Gross profit Expenses Wages Supplies used Depreciation Supervisor salaries Utilities Clothes Shoes 0 0 Total expenses 0 0 Income $ 0 $ 0 < Required 1 Required 2 >