I need help with this exact scenario..

Georgia Orchards produced a good crop of peaches this year. After preparing the following income statement, the company believes it should have given its No. 3 peaches to charity and saved its efforts.

GEORGIA ORCHARDS

Income Statement

For Year Ended December 31, 2015

No. 1 No. 2 No. 3 Combined

Sales (by grade)

No. 1: 204,000 Ibs. @ $2.30/lb $ 469,200

No. 2: 204,000 Ibs. @ $1.70/lb $ 346,800

No. 3: 1,020,000 Ibs. @ $0.20/lb $ 204,000

Total sales $ 1,020,000

Costs

Tree pruning and care @ $0.40/Ib 81,600 81,600 408,000 571,200

Picking, sorting, and grading @ $0.10/Ib 20,400 20,400 102,000 142,800

Delivery costs 15,800 15,800 38,300 69,900

Total costs 117,800 117,800 548,300 783,900

Net income (loss) $ 351,400 $ 229,000 $ (344,300 ) $ 236,100

In preparing this statement, the company allocated joint costs among the grades on a physical basis as an equal amount per pound. The companys delivery cost records show that $31,600 of the $69,900 relates to crating the No. 1 and No. 2 peaches and hauling them to the buyer. The remaining $38,300 of delivery costs is for crating the No. 3 peaches and hauling them to the cannery.

f C; AssignmerIts:ACC|'102-3 x V m Chapterg- Homework x \\ ChapterHAllocalion of x '\\ ( C l G) ezlo.mheducalioncomfhmipx o X 2. value: 3.00 points Problem 9-5AB Far't1 Required: 1. Prepare reports showing cost allocations on a sales value basis to the three grades of peaches. Separate the delivery costs into the amounts directly identiable with each grade. Then allocate any shared delivery cosls on the basis of lhe relative sales value ofeach grade. [Do not round intermediate calculations.) Nos. Numerator Denominator \"M. of Total No.1 No.2 - _ _ Required lnformatlon