Problem 22-4A (Algo) Departmental income LO P3 Diaz Company is a retail store with two operating departments. Clothes and Shoes. Information follows. The company reports the following indirect expenses for the year. Additional information about the two departments follows. Required: 1. Allocate indirect expenses to the two operating departments. 2. Prenare denartmental income statements Allocate indirect expenses to the two operating departments. Prepare departmental income statements