Hook Show Me How Print Item XSport Sporting Goods Co. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2019, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: $10,540,000 13,645,000 6,300,000 7888,000 1.660,000 Sales-Winter Sports Division Sales - Summer Sports Division Cost of Goods Sold-Winter Sports Division Cost of Goods Sold-Summer Sports Division Sales expense-Winter Sports Division Sales expense-Summer Sports Division Administrative Expense-Winter Sports Division Administrative Expense-Summer Sports Division Advertising Expense Transportation Expense Accounts Rocolvable Collection Expense 1.898,000 1,014,000 1,209,600 481,500 135,500 120,450 772.000 Warehouse Expense The bases to be used in allocating expenses, together with other essential Information, are as follows: A Adverting experto--incurred at headquarters, charged back to divisions on the basis of usage: Winter Sports Division, $210,300 Summer Sports Division, $262,200. B. Transportation expense-charged back to divisions at a charge rate of $5 per bill of lading: Winter Sports Division, 12,000 bills of lading Summer Sports Division, 15,100 bile of lading, ok SHOW MU HUW TOLL TZU walk Expense The bases to be used in allocating expenses, together with other essential information, are as follows: A. Advertising expense -- incurred at headquarters, charged back to divisions on the basis of usage: Winter Sports Division, $219,300; Summer Sports Division, $262,200. B. Transportation expense-charged back to divisions at a charge rate of $5 per bill of lading: Winter Sports Division, 12,000 bills of lading: Summer Sports Division, 15,100 bills of lading. 1 C. Accounts receivable collection expense - Incurred at headquarters, charged back to divisions at a charge rate of $5 per invoice: Winter Sports Division, 9,680 sales invoices: Summer Sports Division, 14,410 sales invoices. D. Warehouse expense-charged back to divisions on the basis of floor space used in storing division products: Winter Sports Division, 90,000 square feet; Summer Sports Division, 103,000 square feet Required: 1. Prepare a divisional income statement with two column Headings: Winter Sports Division and Summer Sports Division. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. (Complete the supporting Calculations tab first.) A colon () will win where needed. 2. Provide supporting calculations for service department charges. how Me HOW Print Item Labels and Amount Descriptions Labels Divisional selling and administrative expenses Service department charges Amount Descriptions Accounts receivable collection expense I Advertising expense Cost of goods sold Divisional administrative expenses Divisional selling expenses Gross profit Income from operations Income from operations before service departments charges Sales Total divisional selling and administrative expenses Total service department charges Transportation expense Warehouse expense XSport Sporting Goods Co. SLEDILOO Divisional Income Statements For the Year Ended December 31, 2049 1 Winter Sports Division Summer Sports Division 2 Sales I 3 Cost of goods sold 4 Gross profit 5 (label) 6 Divisional selling expenses Divisional administrative expenses Total divisional selling and administrative expenses 3 9 10 Service department charges: 11 Advertising expense 11 Transportation expense 13 Accounts receivable collection expense Warehouse expense Total service department charges 16 Income from operations 15 2. Provide supporting calculations for service department charges. Service Department Charges Winter Sports Division Summer Sports Division Total Advertising expense $ Transportation rate per bill of lading $ Number of bills of lading Transportation expense $ Accounts receivable collection rate Number of sales invoices Accounts receivable collection expense $ $ $ $ Warehouse rate per sq. ft. Number of square feet Warehouse expense