Problem 9-3A Departmental income statements; forecasts LO P3 Williams Company began operations in January 2015 with two operating (selling) departments and one service (office) department. Its departmental income statements follow WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2015 Sales Cost of goods sold ClockMror Combined S 240,000 $85,000 $ 325,000 117,600 52,700 170,300 4 2 6 Gross profit Direct expenses 122,400 32,300 154,700 21,000 7,00 28,000 300 1,600 500 1,300 400 2.000 Sales salaries 1,300 Store supplies used Depreciation- Equipment 1.600 Total direct expenses 24,700 8.200 32,900 Allocated expenses Rent expense 7.110 3,200 1,7004 11,0006,50017.500 3,780 10,890 Utilities expense Total allocated expenses 21,310 11.98033,290 46,010 20,180 66.190 $ 76.390$12.120 $ 88,510 Total expenses Net income Required Prepare departmental income statements that show the company's predicted results of operations for calendar year 2016 for the three operating (selling) departments and their combined totals. (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.) WILLIAMS COMPAN Forecasted Departmental Income Statements For Year Ended December 31, 2016 Clock Mirror i Paintings Combined 0 0 Direct expenses 0 Total direct expenses Allocated expenses Total allocated expenses Total expenses 0 $