Profit center responsibility reporting Championship Sports Inc operates two divisionsthe Winter Sports Division and the Summer Sports Division The following income and expense accounts 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 recorded and posted SalesWinter Sports Division $9,900,000 SalesSummer Sports Division 16,100,000 Cost of Goods SoldWinter Sports Division 4,900,000 Cost of Goods SoldSummer Sports Division 9,700,000 Sales ExpenseWinter Sports Division 690,000 Sales ExpenseSummer Sports Division 1,500,000 Administrative ExpenseWinter Sports Division 870,000 Administrative ExpenseSummer Sports Division 1,800,000 Advertising Expense 1,092,000 Transportation Expense 247,500 Accounts Receivable Collection Expense 136,000 Warehouse Expense 987,000 The bases to be used in allocating expenses, together with other information, are as follows Advertising expenseincurred at headquarters, charged back to divisions on the basis of usage Winter Sports Division, $347,000 Summer Sports Division, $745,000 Transportation expensecharged back to divisions at a charge rate of $5 00 per bill of lading Winter Sports Division, 19,000 bills of lading Summer Sports Division, 30,500 bills of lading Accounts receivable collection expenseincurred at headquarters, charged back to divisions at a charge rate of $2 00 per invoice Winter Sports Division, 27,000 sales invoices Summer Sports Division, 41,000 sales invoices Warehouse expensecharged back to divisions on the basis of floor space used in storing division products Winter Sports Division, 55,000 square feet Summer Sports Division, 86,000 square feet This information has been collected in the Microsoft Excel Online file Open the spreadsheet, perform the required analysis, and input your answers in the questions below Prepare a divisional income statement with two column headings Winter Sports Division and Summer Sports Division Do not round your intermediate calculations Provide supporting computations for support department allocations If required, round per unit amounts to two decimal places and final answers to the nearest dollar

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Profit center responsibility reporting Championship Sports Inc. operates two divisionsthe Winter Sports Division and the Summer Sports Division. The following income and expense accounts were

Profit center responsibility reporting

Championship Sports Inc. operates two divisionsthe Winter Sports Division and the Summer Sports Division. The following income and expense accounts 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 recorded and posted:

SalesWinter Sports Division	$9,900,000
SalesSummer Sports Division	16,100,000
Cost of Goods SoldWinter Sports Division	4,900,000
Cost of Goods SoldSummer Sports Division	9,700,000
Sales ExpenseWinter Sports Division	690,000
Sales ExpenseSummer Sports Division	1,500,000
Administrative ExpenseWinter Sports Division	870,000
Administrative ExpenseSummer Sports Division	1,800,000
Advertising Expense	1,092,000
Transportation Expense	247,500
Accounts Receivable Collection Expense	136,000
Warehouse Expense	987,000

The bases to be used in allocating expenses, together with other information, are as follows:

Advertising expenseincurred at headquarters, charged back to divisions on the basis of usage: Winter Sports Division, $347,000; Summer Sports Division, $745,000.
Transportation expensecharged back to divisions at a charge rate of $5.00 per bill of lading: Winter Sports Division, 19,000 bills of lading; Summer Sports Division, 30,500 bills of lading.
Accounts receivable collection expenseincurred at headquarters, charged back to divisions at a charge rate of $2.00 per invoice: Winter Sports Division, 27,000 sales invoices; Summer Sports Division, 41,000 sales invoices.
Warehouse expensecharged back to divisions on the basis of floor space used in storing division products: Winter Sports Division, 55,000 square feet; Summer Sports Division, 86,000 square feet.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your intermediate calculations.

Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar.