Just need help with the empty boxes. The rest should be correct. Thank you.

Required information Problem 10-6A Analyzing possible elimination of a department LO P4 [The following information applies to the questions displayed below.) Elegant Decor Company's management is trying to decide whether to eliminate Department 200, which has produced losses or low profits for several years. The company's departmental income statements show the following Dept. 200 $289,000 214,000 75,000 Combined $728,000 477,000 251,000 ELEGANT DECOR COMPANY Departmental Income Statements For Year Ended December 31, 2019 Dept. 100 Sales $439,000 Cost of goods sold 263,000 Gross profit 176,000 Operating expenses Direct expenses Advertising 16,500 Store Supplies used 4,500 Depreciation-store equipment 4,600 Total direct expenses 25,600 Allocated expenses Sales salaries 52,800 Rent expense 9,490 Bad debts expense 9,500 Office salary 21,840 Insurance expense Miscellaneous office expenses 2,700 Total allocated expenses 97,630 Total expenses 123,239 Net income (1055) $ 52,779 13,000 4,100 3,400 20,500 29,500 8,680 8,990 46,100 2,100 31,200 4,700 7,490 14,560 1,300 1,900 61,060 81,560 $(6,560) 83,200 14,190 16,900 36,400 3,400 4,600 158, 690 204,790 $ 46,210 In analyzing whether to eliminate Department 200, management considers the following: a. The company has one office worker who earns $700 per week, or $36,400 per year, and four salesclerks who each earns $400 per week, or $20,800 per year for each salesclerk. b. The full salaries of two salesclerks are charged to Department 100. The full salary of one salesclerk is charged to Department 200. The salary of the fourth clerk, who works half-time in both departments, is divided evenly between the two departments. c. Eliminating Department 200 would avoid the sales salaries and the office salary currently allocated to it. However, management prefers another plan. Two salesclerks have indicated that they will be quitting soon Management believes that their work can be done by the other two clerks if the one office worker works in sales half-time. Eliminating Department 200 will allow this shift of duties. If this change is implemented, half the office worker's salary would be reported as sales salaries and half would be reported as office salary. d. The store building is rented under a long-term lease that cannot be changed. Therefore, Department 100 will use the space and equipment currently used by Department 200. e. Closing Department 200 will eliminate its expenses for advertising, bad debts, and store supplies, 75% of the insurance expense allocated to it to cover its merchandise inventory, and 24% of the miscellaneous office expenses presently allocated to it, Required: 1. Complete the following report showing total expenses, expenses that would be eliminated by closing Department 200 and the expenses that would continue. The statement should reflect the reassignment of the office worker to one-half time as salesclerk. ELEGANT DECOR COMPANY Analysis of Expenses under Elimination of Department 200 Total Eliminated Continuing Expenses Expenses Expenses Cost of goods sold $ 477,000 $ 214,000 S 263,000 Direct expenses Advertising 29,500 13,000 16,500 Store supplies used 8,600 4.100 4,500 Depreciation-Store equipment 8,000 04 8,000 Allocated expenses Sales salaries 83,200 Rent expense 14.190 0 14.190 Bad debts expense 16.900 Office salary 36,400 Insurance expense 3.400 Miscellaneous office expenses 4,600 1.900 2.700 Total expenses S681.790 S 233,000 S 308.890 2. Prepare a forecasted annual income statement for the company reflecting the elimination of Department 200 assuming that it will not affect Department 100's sales and gross profit. The statement should reflect the reassignment of the office worker to one-half time as a salesclerk ELEGANT DECOR COMPANY Forecasted Annual Income Statement Under Plan to Eliminate Department 200 Sales $ 439,000 Cost of goods sold 263,000 (Gross profit from sales 176,000 Operating expenses Advertising 16,500 Store supplies used 8,600 Depreciation of store equipment 8,000 Sales salaries 83,200 Rent expense 14.190 Bad debts expense 16.900 Office salary Insurance expense Miscellaneous office expenses Total operating expenses 147 390