Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. Clothes $ 800,000 497,000 Shoes $ 450,000 291,600 For Year Ended December 31 Sales Cost of goods sold Direct expenses: Wages Supplies used Depreciation 125,000 20,000 28,000 88,000 10,000 17,000 The company reports the following indirect expenses for the year. Indirect Expense Utilities Supervisor salaries Amount $ 6,000 50,000 Allocation Base Square feet of space occupied Number of employees in department Additional information about the two departments follows: Department Clothes Shoes Square Footage 28,000 12,000 Number of Employees 75 50 Required: 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. 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 $6,000 of utilities expense Department Square Footage Percent of Total Clothes Cost Allocated Shoes Total Cost Allocated Allocation of $50,000 of supervisor salaries expense Employees Percent of Total Clothes Shoes Total Required 1 Required 2 Prepare departmental income statements. DIAZ COMPANY Departmental Income Statements For Year Ended December 31 Clothes Shoes Expenses Total expenses Income