Menu Departmental Income Statemert The following information was obtained from the ledger of Woodfield Candies, Inc, at the end ot 2016 Woodfield Candies, Inc. Trial Balance December 31, 2016 DebitCredit $43,000 156,000 180,000 540,000 Cash Accounts receivable (net) Inventory, December 31, 2016 Equipment and foxtures (net) Accounts payable Common stock Retained earnings Revenue- department X Revenue- department Y Cost of goods sold - department X Cost of goods sold - department Y Sales salaries expense Advertising expense Insurance expense Uncollectible accounts expense Occupancy expense Office and other administrative expense $108,000 450,000 180,000 847,000 362,000 420,000 216,000 194,000 45,000 24,000 9,000 36,000 84,000 $1,947,000 $1,947,000