Profit Center Responsibility Reporting Glades Sporting Goods Co 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, 20Y8, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted SalesWinter Sports Division $12,600,000 SalesSummer Sports Division 16,300,000 Cost of Goods SoldWinter Sports Division 7,560,000 Cost of Goods SoldSummer Sports Division 9,454,000 Sales ExpenseWinter Sports Division 2,016,000 Sales ExpenseSummer Sports Division 2,282,000 Administrative ExpenseWinter Sports Division 1,260,000 Administrative ExpenseSummer Sports Division 1,450,700 Advertising Expense 578,000 Transportation Expense 265,660 Accounts Receivable Collection Expense 174,000 Warehouse Expense 1,540,000 The bases to be used in allocating expenses, together with other essential information, are as follows Advertising expenseincurred at headquarters, allocated to divisions on the basis of usage Winter Sports Division, $252,000 Summer Sports Division, $326,000 Transportation expenseallocated to divisions at an allocation rate of $7 40 per bill of lading Winter Sports Division, 17,200 bills of lading Summer Sports Division, 18,700 bills of lading Accounts receivable collection expenseincurred at headquarters, allocated to divisions at an allocation rate of $6 00 per invoice Winter Sports Division, 11,500 sales invoices Summer Sports Division, 17,500 sales invoices Warehouse expenseallocated to divisions on the basis of floor space used in storing division products Winter Sports Division, 102,000 square feet Summer Sports Division, 118,000 square feet Prepare a divisional income statement with two column headings Winter Sports Division and Summer Sports Division Round your interim calculations to two decimal places, if required Glades Sporting Goods Co Divisional Income Statements For the Year Ended December 31, 20Y8 Winter Sports Division Summer Sports Division Sales $fill in the blank 0d39a7fa8fbdfd4 1 $fill in the blank 0d39a7fa8fbdfd4 2 Cost of goods sold fill in the blank 0d39a7fa8fbdfd4 3 fill in the blank 0d39a7fa8fbdfd4 4 Gross profit $fill in the blank 0d39a7fa8fbdfd4 5 $fill in the blank 0d39a7fa8fbdfd4 6 Divisional selling expenses $fill in the blank 0d39a7fa8fbdfd4 7 $fill in the blank 0d39a7fa8fbdfd4 8 Divisional administrative expenses fill in the blank 0d39a7fa8fbdfd4 9 fill in the blank 0d39a7fa8fbdfd4 10 Total divisional expenses $fill in the blank 0d39a7fa8fbdfd4 11 $fill in the blank 0d39a7fa8fbdfd4 12 Income from operations before service department allocations $fill in the blank 0d39a7fa8fbdfd4 13 $fill in the blank 0d39a7fa8fbdfd4 14 Less service department cost allocations Advertising expense $fill in the blank 0d39a7fa8fbdfd4 15 $fill in the blank 0d39a7fa8fbdfd4 16 Transportation expense fill in the blank 0d39a7fa8fbdfd4 17 fill in the blank 0d39a7fa8fbdfd4 18 Accounts receivable collection expense fill in the blank 0d39a7fa8fbdfd4 19 fill in the blank 0d39a7fa8fbdfd4 20 Warehouse expense fill in the blank 0d39a7fa8fbdfd4 21 fill in the blank 0d39a7fa8fbdfd4 22 Total $fill in the blank 0d39a7fa8fbdfd4 23 $fill in the blank 0d39a7fa8fbdfd4 24 Income from operations $fill in the blank 0d39a7fa8fbdfd4 25 $fill in the blank 0d39a7fa8fbdfd4 26 Provide supporting calculations for service department cost allocations If required, round per unit amounts to two decimal places and final answers to the nearest dollar Glades Sporting Goods Co Supporting Calculations For the Year Ended December 31, 20Y8 Winter Sports Division Summer Sports Division Total Advertising expense $fill in the blank 0ab368fb6f9eff4 1 $fill in the blank 0ab368fb6f9eff4 2 $fill in the blank 0ab368fb6f9eff4 3 Transportation rate per bill of lading $fill in the blank 0ab368fb6f9eff4 4 $fill in the blank 0ab368fb6f9eff4 5 Number of bills of lading fill in the blank 0ab368fb6f9eff4 6 fill in the blank 0ab368fb6f9eff4 7 Transportation expense $fill in the blank 0ab368fb6f9eff4 8 $fill in the blank 0ab368fb6f9eff4 9 $fill in the blank 0ab368fb6f9eff4 10 Accounts receivable collection rate $fill in the blank 0ab368fb6f9eff4 11 $fill in the blank 0ab368fb6f9eff4 12 Number of sales invoices fill in the blank 0ab368fb6f9eff4 13 fill in the blank 0ab368fb6f9eff4 14 Accounts receivable collection expense $fill in the blank 0ab368fb6f9eff4 15 $fill in the blank 0ab368fb6f9eff4 16 $fill in the blank 0ab368fb6f9eff4 17 Warehouse rate per sq ft $fill in the blank 0ab368fb6f9eff4 18 $fill in the blank 0ab368fb6f9eff4 19 Number of square feet fill in the blank 0ab368fb6f9eff4 20 fill in the blank 0ab368fb6f9eff4 21 Warehouse expense $fill in the blank 0ab368fb6f9eff4 22 $fill in the blank 0ab368fb6f9eff4 23 $fill in the blank 0ab368fb6f9eff4 24

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Profit Center Responsibility Reporting Glades Sporting Goods Co. operates two divisionsthe Winter Sports Division and the Summer Sports Division. The following income and expense accounts

Profit Center Responsibility Reporting

Glades Sporting Goods Co. 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, 20Y8, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted:

SalesWinter Sports Division	$12,600,000
SalesSummer Sports Division	16,300,000
Cost of Goods SoldWinter Sports Division	7,560,000
Cost of Goods SoldSummer Sports Division	9,454,000
Sales ExpenseWinter Sports Division	2,016,000
Sales ExpenseSummer Sports Division	2,282,000
Administrative ExpenseWinter Sports Division	1,260,000
Administrative ExpenseSummer Sports Division	1,450,700
Advertising Expense	578,000
Transportation Expense	265,660
Accounts Receivable Collection Expense	174,000
Warehouse Expense	1,540,000

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

Advertising expenseincurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, $252,000; Summer Sports Division, $326,000.
Transportation expenseallocated to divisions at an allocation rate of $7.40 per bill of lading: Winter Sports Division, 17,200 bills of lading; Summer Sports Division, 18,700 bills of lading.
Accounts receivable collection expenseincurred at headquarters, allocated to divisions at an allocation rate of $6.00 per invoice: Winter Sports Division, 11,500 sales invoices; Summer Sports Division, 17,500 sales invoices.
Warehouse expenseallocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, 102,000 square feet; Summer Sports Division, 118,000 square feet.

Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Round your interim calculations to two decimal places, if required.

Glades Sporting Goods Co. Divisional Income Statements For the Year Ended December 31, 20Y8
	Winter Sports Division	Summer Sports Division
Sales	$fill in the blank 0d39a7fa8fbdfd4_1	$fill in the blank 0d39a7fa8fbdfd4_2
Cost of goods sold	fill in the blank 0d39a7fa8fbdfd4_3	fill in the blank 0d39a7fa8fbdfd4_4
Gross profit	$fill in the blank 0d39a7fa8fbdfd4_5	$fill in the blank 0d39a7fa8fbdfd4_6
Divisional selling expenses	$fill in the blank 0d39a7fa8fbdfd4_7	$fill in the blank 0d39a7fa8fbdfd4_8
Divisional administrative expenses	fill in the blank 0d39a7fa8fbdfd4_9	fill in the blank 0d39a7fa8fbdfd4_10
Total divisional expenses	$fill in the blank 0d39a7fa8fbdfd4_11	$fill in the blank 0d39a7fa8fbdfd4_12
Income from operations before service department allocations	$fill in the blank 0d39a7fa8fbdfd4_13	$fill in the blank 0d39a7fa8fbdfd4_14
Less service department cost allocations:
Advertising expense	$fill in the blank 0d39a7fa8fbdfd4_15	$fill in the blank 0d39a7fa8fbdfd4_16
Transportation expense	fill in the blank 0d39a7fa8fbdfd4_17	fill in the blank 0d39a7fa8fbdfd4_18
Accounts receivable collection expense	fill in the blank 0d39a7fa8fbdfd4_19	fill in the blank 0d39a7fa8fbdfd4_20
Warehouse expense	fill in the blank 0d39a7fa8fbdfd4_21	fill in the blank 0d39a7fa8fbdfd4_22
Total	$fill in the blank 0d39a7fa8fbdfd4_23	$fill in the blank 0d39a7fa8fbdfd4_24
Income from operations	$fill in the blank 0d39a7fa8fbdfd4_25	$fill in the blank 0d39a7fa8fbdfd4_26

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

Glades Sporting Goods Co. Supporting Calculations For the Year Ended December 31, 20Y8
	Winter Sports Division	Summer Sports Division	Total
Advertising expense	$fill in the blank 0ab368fb6f9eff4_1	$fill in the blank 0ab368fb6f9eff4_2	$fill in the blank 0ab368fb6f9eff4_3
Transportation rate per bill of lading	$fill in the blank 0ab368fb6f9eff4_4	$fill in the blank 0ab368fb6f9eff4_5
Number of bills of lading	fill in the blank 0ab368fb6f9eff4_6	fill in the blank 0ab368fb6f9eff4_7
Transportation expense	$fill in the blank 0ab368fb6f9eff4_8	$fill in the blank 0ab368fb6f9eff4_9	$fill in the blank 0ab368fb6f9eff4_10
Accounts receivable collection rate	$fill in the blank 0ab368fb6f9eff4_11	$fill in the blank 0ab368fb6f9eff4_12
Number of sales invoices	fill in the blank 0ab368fb6f9eff4_13	fill in the blank 0ab368fb6f9eff4_14
Accounts receivable collection expense	$fill in the blank 0ab368fb6f9eff4_15	$fill in the blank 0ab368fb6f9eff4_16	$fill in the blank 0ab368fb6f9eff4_17
Warehouse rate per sq. ft.	$fill in the blank 0ab368fb6f9eff4_18	$fill in the blank 0ab368fb6f9eff4_19
Number of square feet	fill in the blank 0ab368fb6f9eff4_20	fill in the blank 0ab368fb6f9eff4_21
Warehouse expense	$fill in the blank 0ab368fb6f9eff4_22	$fill in the blank 0ab368fb6f9eff4_23	$fill in the blank 0ab368fb6f9eff4_24