Not syncing eBook Show Me How Print Item Profit center responsibility reporting Instructions Labels and Amount Descriptions Divisional Income Statements III Instructions XSport Sporting Goods Co.operates two divisions-the 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 $10.510.000 13,615,000 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 Collection Expense Warehouse Expense 6,255,000 7,858.000 1.650.000 1.888.000 1048.000 1.206.200 475,300 168.000 120,350 775,000 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 214.500. Summer Sports Division, $260,800 Check My Work Previous Next B Transportation expense-charged back to divisions at a charge rate of 86 per bill of lading Winter Sports Division 12.400 bill of lading: Summer Sports Division, 15,600 bills of lading C. Accounts receivable collection expense Incurred at headquarters, charged back to divisions at a charge rate of $5 per invoice: Winter Sports Division 9.600 sales invoices Summer Sports Division, 14,470 sales invoices D. Warehouse expense charged back to divisions on the basis of floor space used in storing division products Winter Sports Division, 91.000 square feet Summer Sports Division 103.000 square feet Required: 1. Prepare a divisional income statement with two columns Beadings Winter Sports Division and Summer Sports Division Refer to the list of Label and Amount Descriptions for the exact wording of the answer choices for text entries. (Complete the Supporting Calculations fab first.) A colon) wir in where needed 2. Provide supporting calculations for service department charges Labels and Amount Descriptions Labels Divisional seting and administrative expenses Service department charges Amount Descriptions Accounts receivable collection expense Advertising expense Cost of goods sold Divisional administrative expenses Donating expenses Check My Work Previous Next Labels and Amount Descriptions Labels Divisional seling and administrative expenses Service department charges Amount Descriptions Accounts receivable collection expense Advertising expense Cost of goods sold Divisional administrative expenses Divisional selling expenses Gross proft Income from operations Income from operations before service departments charges Sales Total divisional seling and administrative expenses Total service department charges Transportation expense Warehouse expense Divisional Income Statements Show Me How Printem XEpot Specting Goods C Divisional Income Statements For the Year Ended December 31, 2019 Winter Sports Division Summer Sports Division Cost of goods sold Gross pro Divisional selling expenses Service department charges Advertising expert Transportation pense 1 Accounts receivable collection expense Warehouse pense Tot ce department changes come from operations Check My Work
