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Fill out the three problems below on the student answer sheet linked. @ Problem 1 - Departmental Income Statements (18 points) Casey Cupcake Co. has

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Fill out the three problems below on the student answer sheet linked. @ Problem 1 - Departmental Income Statements (18 points) Casey Cupcake Co. has two divisions, Boy's Birthday Cupcakes and Girl's Birthday Cupcakes. Invested Assets, Revenue, and Direct Expenses are as follows: Gid's Boy's Cupcakes Cupcakes Sales $ 349,160 S 252,840 Cost of Goods Sold 148,512 98,528 Operating Expenses 61,500 41.150 Invested Assets 225.000 197,500 Square Feet of Division 5.200 4.800 The Indirect Expenses for the two departments are as follows: Amoun Allocation Method Rent Expense 552.000 Square feet Legal Expense 36,000 Sales Complete the following using proper format: a) Prepare Departmental Income Statements for Casey Cupcake Co. Show your calculations. b) Using the expanded equation, calculate Profit Margin. Investment Tumover, and Rate of Retum on Investment for each division Round your answers to one decimal point

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