Instructions '3 The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services rendered, based on the number of computers in the department, and the Purchasing Department charges divisions for services, based on the number of purchase orders for each department. The usage of service by the two divisions is as follows: Tech Support Purchasing Consumer Division 300 computers 1,800 purchase orders Commercial Division 180 2,700 Total 480 computers 4,500 purchase orders The service department charges of the Tech Support Department and the Purchasing Department are considered controllable by the divisions. Corporate administrative expenses are \"Maul!!- Instructions u The service department charges of the Tech Support Department and the Purchasing Department are considered controllable by the divisions. Corporate administrative expenses are not considered controllable by the divisions. The revenues, cost of goods sold, and operating expenses for the two divisions are as follows: Consumer Commercial Revenues $5,900,000 $4,950,000 Cost of goods sold 3,304,000 2,475,000 Operating expenses 1 ,180,000 1,237,500 Prepare the divisional income statements for the two divisions. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. \"Less" or \"Plus\" and colons will automatically appear if it is required. Be sure to complete the statement heading. Labels and Amount Descriptions 9 M For the Year Ended December 31, 20Y7 For the Month Ended December 31, 20W Service department charges Amount Descrim Advertising Department Cost of goods sold Gross profit Income from operations Income from operations before service department charges Operating expenses Labels and Amount Descriptions X AIIIVUIL UESLIPLIVIS Advertising Department Cost of goods sold Gross profit Income from operations Income from operations before service department charges Operating expenses Purchasing Department Revenues Selling expenses Tech Support DepartmentGHAEL TECHNOLOGY Score: 63/1 1 1 Divisional Income Statements For the Year Ended December 31, 20W Consumer Commercial Division Division Cost of goods sold V Gross prot V Operating expenses V Income from operations before service department charges V 4 Gross prot ' _$3,351,000.00 _$3,066,500.00 5 Operating expenses " 1,455,000.00 1,546,000.00 6 Income from operations before service department charges V $1,895,000.00 $1,520,500.00 V' 7 Less service department charges: 0 Tech Support Department V 9 Purchasing Department V 10 Total service department charges 11 Income from operations Grael Technology has two divisions, Consumer and Commercial, and two corporate service departments, Tech Support and Purchasing. The corporate expenses for the year ended December 31, 20Y7, are as follows: Tech Support Department $336,000 Purchasing Department 67,500 Other corporate administrative expenses 448,000 Total corporate expense $851,500 The other corporate administrative expenses include officers' salaries and other expenses required by the corporation. The Tech Support Department charges the divisions for services