Profit Center Responsibility Reporting Championship Sports inc. operates two divisions--the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 2019, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Sales-Winter Sports Division $35,700,000 Sales-Summer Sports Division 39,440,000 Cost of Goods Sold-Winter Sports Division 21,420,000 Cost of Goods Sold-Summer Sports Division 22,780,000 Sales Expense-Winter Sports Division 6,120,000 Sales Expense-Summer Sports Division 5,440,000 Administrative Expense-Winter Sports Division 3,570,000 Administrative Expense-Summer Sports Division 3,502,000 Advertising Expense 958,000 Transportation Expanse 489,600 Accounts Receivable Collection Expense 248,400 Warehouse Expense 3,400,000 The bases to be used in a locating expens, together with other information, are as follows Advertising expense-incurred at beadquarters, allocated to divisions on the basis of usage: Winter Sports Division, $450,000; Summer Sports Division, $500,000 b. Transportation expense-allocated to divisions at a rate of $17 per bill of lading Winter Sports Division, 13,700 bill of lading Summer Sports Division, 15.100 bilis of lading c. Accounts receivable collection expense-incurred at headquartert, allocated to divisions at a rate of 99 per invoice Winter Sports Division, 12,700 sa invoices Sunmer Sports Division, 14,900 sales invoices Warehouse expense-allocated to divisions on the basis of floor space wted in storing division products Winter Sports Division, 180,000 square feet: Summer Sports Division, 220,000 square feet Prepare a divisional income statement with two column Headings Winter Sports Division and thummer Sport Division. Do not round your interim calculations Championship Sports Inc Pamat Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 2019 Winter Sports Division Summer Sports Division Sales Cost of goods sold Gross profit Divisional selling and administrative expenses Divisional selling expenses Divisional administrative expenses Total divisional sening and administrative expenses Operating income before support department allocations Support department allocations: Advertising expense Transportation expense Accounts receivable collection expense J00 0000 01100) Warehouse expense Total support department allocations Operating income Provide supporting schedules for determining suport department allocations. It required, round per unit amounts to two decimal places and final answers to the nearest dollar. Chaminchin Sonne Championship Sports Inc. Support Department Allocations For the Year Ended December 31, 2019 Winter Sports Division Summer Sports Division Total Advertising expense Transportation rate per bill of lading Number of bill of lading Transportation expense Accounts receivable collection rate Number of sales invoices Accounts receivable collection expenses Warehouse rate per set Number of square feet Warehouse expense
