Exercise 2-35 Cost Assignment The sales staff of Central Media (a locally owned radio and cable television station) consists of two salespeople, Derek and Lawanna. During March, the following salaries and commissions were paid: Salaries Commissions Derek $25,000 6,000 Lawanna $30,000 1,500 Derek spends 100% of his time selling advertising. Law anna spends two-thirds ofher time sell- ing advertising and the remaining one-third on administrative work. Commissions are paid only on sales. Continued) Required: 1. Accumulate these costs by account by filling in the following table: Salaries Commissions Cost Derek Lawanna Total 2. Assign the costs of salaries and commissions to selling expense and administrative expence by filling in the following table: Cost Derek's salary Lawanna's salary Derck' Selling Costs Administrative Costs s commissions Lawanna's commissions Total