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Pontcenter responsibulity reporting Championship Sports Inc; operates two divisions-the Winter Sports Division and the Summer Sports Division. The foliowing income and expense aceounts were provided

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Pontcenter responsibulity reporting Championship Sports Inc; operates two divisions-the Winter Sports Division and the Summer Sports Division. The foliowing income and expense aceounts were provided from the trial balance as of December 31, 20y9, the end of the fiscal year, after all adjustments, including those for inventories, were tecorded and posted: The bases to be used in allocating expenses, together with other information, are as follows: a. Advertising expense-incurred at headquarters, atlocated to divisions on the besis of usage: Winter Sports Division, 5460,000; 5ummer Sports Division, $520,000. b. Transportation expense-aliocated to divisions at a rate of $13 per bill of lading: Winter Sports Division, 14,100 beis of lading; Summer Sports Division, 15, 500 bils of c. Accounts receivable collection expense-incurred at headquarters; allocated to divisions at a rate of 58 per invoice: Winter 5 ports 0 ivision, 13 , too sales invokes lading. d. Warehouse expense-allocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, 150,000 square feet; Summer Sports Summer Sports Division, 15,300 sates involices. Division, 190,000 square feet. Prepare a divisional income statement with two column headingsi Winter Sports Division and Summer 5 ports Dovision, Do not round your interim calculations. repare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. nraisla cupporting computations for supgort department allocations. If required, round per unit amounts to two decimal places and final answers to the Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places nearest dollar

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