Mighty Mushroo CHARM e darkest cond little mushroo art of the circl places high t like the mis ittle mushroom lexible & resi one in your things will co Departmental Income Statement The following information was obtained from the ledger of Stillwell Emporium, Inc., at the end the year Stillwell Emporium, Inc. Trial Balance December 31 Cash Accounts receivable (net) Inventory, December 31 Equipment and fixtures (net) Accounts payable Common stock Retained earnings Revenue-department a Revenue department b Cost of goods sold - department a Cost of goods sold - department b Sales salaries expense Advertising expense Insurance expense (on merchandise) Uncollectible accounts expense Occupancy expense Office and other administrative expense Debit $19,000 70,000 45,000 97,000 Credit $34,000 120,000 30,000 367,000 143,000 216,000 70,000 77,000 34,000 10,000 3,000 16,000 37,000 $694,000 $694,000 Stillwell analyzes its operating expenses at the end of each period in order to prepare an income statement that will exhibi