Instructions XSport Sporting Goods Co. operates two divisionsthe Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2049, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: 510,525,000 13,810.000 6,280,000 7.360 000 1,650,000 1 894 000 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 Receivable Colection Expense Warehouse Expense 1,002,000 1,204,400 479,000 144,500 120,400 1 164,000 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 S216,300 Summer Sports Division, $282,700 B. Transportation expense-charged back to chrisions at a charge rate of s5 per bill of lading: Winter Sports Division, 13.400 bills of lading: Summer Sports Division, 15 500 bills of lading. C. Accounts receivable collection expenseincurred at headquarters, charged back to clesions at a charge rate of ss per invice: Winter Sports C divisions Division, 9.650 sales invoices Surtimer Sports Division, 14,430 sales invoices D. Varehouse expense_charged back to divisions on the basis of foor space used in storing division products: Winter Sports Division, 91.000 square feet, Summer Sports Division 103,000 square feet Required: 1. Prepare a avional income statement with two column hesaings Winter Sports Division and Summer Sports Division Refer to me list of Label and Amount Descriptione for the exact wording of the swer choices for testervies (Compite the supporting Calculation tablet) colon () will win were rund 2. Provide supporting cautions for service department charges Labels and Amount Descriptions Latel Divisional selling and administrative expenses Service department charges Amount Desting Accounts receivable collection expense Advertising expense Cost of goods sold Divisional administrative expenses Divisional seling expenses Gross profit Income from operations Income from operations before service departments charges Sales Income from operations before service departments charges Sales Torsi divisional sing and administrative experses Total service department charges Transportation expense Versens Divisional Income Statements 1. Prepare a disional income statement the two column Headings Winter Sports Division and Summer Sports Division Rewrite ist of Labels and Amount Descriptions for the exact wording of the answer choices for test entries (Complete the supporting Calculations at firstAcolon() in tere needed Sport Sporting Goods Divisional nome Staments For the Year Endes December 31, 20Y Wie Sports Division Summer Sports Division Supporting Calculators 2. Provide suporting caution for service department charges Service Department Changes Summer Sports Division Winter Sports Division Total Advertising expense $ ls Transportation rate perballing S $ Number of bis facing Transportation expense $ IS $ $ Accounts receivable colectionare S Number of sales Accounts receivable collection expense $ $ Wareho.serale per S S Number of square feet Warehouse ees $ Instructions XSport Sporting Goods Co. operates two divisionsthe Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2049, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: 510,525,000 13,810.000 6,280,000 7.360 000 1,650,000 1 894 000 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 Receivable Colection Expense Warehouse Expense 1,002,000 1,204,400 479,000 144,500 120,400 1 164,000 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 S216,300 Summer Sports Division, $282,700 B. Transportation expense-charged back to chrisions at a charge rate of s5 per bill of lading: Winter Sports Division, 13.400 bills of lading: Summer Sports Division, 15 500 bills of lading. C. Accounts receivable collection expenseincurred at headquarters, charged back to clesions at a charge rate of ss per invice: Winter Sports C divisions Division, 9.650 sales invoices Surtimer Sports Division, 14,430 sales invoices D. Varehouse expense_charged back to divisions on the basis of foor space used in storing division products: Winter Sports Division, 91.000 square feet, Summer Sports Division 103,000 square feet Required: 1. Prepare a avional income statement with two column hesaings Winter Sports Division and Summer Sports Division Refer to me list of Label and Amount Descriptione for the exact wording of the swer choices for testervies (Compite the supporting Calculation tablet) colon () will win were rund 2. Provide supporting cautions for service department charges Labels and Amount Descriptions Latel Divisional selling and administrative expenses Service department charges Amount Desting Accounts receivable collection expense Advertising expense Cost of goods sold Divisional administrative expenses Divisional seling expenses Gross profit Income from operations Income from operations before service departments charges Sales Income from operations before service departments charges Sales Torsi divisional sing and administrative experses Total service department charges Transportation expense Versens Divisional Income Statements 1. Prepare a disional income statement the two column Headings Winter Sports Division and Summer Sports Division Rewrite ist of Labels and Amount Descriptions for the exact wording of the answer choices for test entries (Complete the supporting Calculations at firstAcolon() in tere needed Sport Sporting Goods Divisional nome Staments For the Year Endes December 31, 20Y Wie Sports Division Summer Sports Division Supporting Calculators 2. Provide suporting caution for service department charges Service Department Changes Summer Sports Division Winter Sports Division Total Advertising expense $ ls Transportation rate perballing S $ Number of bis facing Transportation expense $ IS $ $ Accounts receivable colectionare S Number of sales Accounts receivable collection expense $ $ Wareho.serale per S S Number of square feet Warehouse ees $