o departments L04 P11-2B. Departmental Income Statement Perkins Appliance & Furniture Company has tw appliances and furniture. Operating information for 2016 appears below. Appliance Furniture Department Departmernt 75,600 48,000 120,000 760,000 640,000 480,000 6,000 PurchaseS. Transportation in.. 8,000 18,000 16,000 199,600 82.000 Common operating expenses of the firm were $180,000. Required a Prepare a departmental income statement showing departmental contribution to como penses and net income of the firm. Assume an overall effective income tax rate of 40% uses a periodic inventory system. et Perkins