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Cost of goods sold Operating expenses 3,625,100 1,794,600 Prepare the divisional income statements for the two divisions. Do not round your interim calculations. Horton Technology Divisional Income statements For the Year Ended December 31, 20 Y 7 Line Item Description Revenues Cost of qoods sold Gross profit Operating expenses Consumer Commercial Division Division Support department allocations: Tech service department Purchasing department Total support department allocations Qperating income Horton Technology has two divisions, Consumer and Commercial, and two corporate support departments, Tech Services and Purchasing. The corporate exp December 31,20y, are as follows: The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Services Department alloca based on the number of computers in the department, and the Purchasing Department allocates costs to the divisions based on the number of purchase of The services used by the two divisions are as follows: The support department allocations of the Tech Services Department and the Purchash Department are considered controllable by the divisions. Corporat are not considered controllable by the divisions. The revenues, cost of goods sold, and operating expenses for the two divisions are as foliows: Prepore the divisional income statements for the two divisions. Do not round your interim calculations