Pront 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, 20y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: The bases to be used in allocating expenses, together with other information, are as follows: a. Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Wiater Sports Divison, 5434,000;5 Summer Sports Division, 5490,000. b. Transportation expense-allocated to divisions at a rate of 513 per bilt of Lading: Winter Sports Division, 15,400 buis of lading; 5 , Ammer 5 ports Division, 16, 500 bins o c. Accounts receivable collection expense-incurred at headquarters, allocated to divisions at a rate of \$8 per invoicei. Winter Sports Division, 14, 300 sales iavoices, lading. d. Warehouse expense-allocated to divisions on the basis of foor spoce used in storing division products: Winter Sports Division, 130,600 square feet, Summer 5p0rt Summer Sports Division, 16,700 sales invoices. Prepare a divisional income statement with two column headingsi winter Sports Division and Summer Sports Division. Do not round your interim calculations. Division, 170,000 square feet. Divisional Income statements Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final anawers to the nearest dollar. Championship Sperts Inc. Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar. Pront 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, 20y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: The bases to be used in allocating expenses, together with other information, are as follows: a. Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Wiater Sports Divison, 5434,000;5 Summer Sports Division, 5490,000. b. Transportation expense-allocated to divisions at a rate of 513 per bilt of Lading: Winter Sports Division, 15,400 buis of lading; 5 , Ammer 5 ports Division, 16, 500 bins o c. Accounts receivable collection expense-incurred at headquarters, allocated to divisions at a rate of \$8 per invoicei. Winter Sports Division, 14, 300 sales iavoices, lading. d. Warehouse expense-allocated to divisions on the basis of foor spoce used in storing division products: Winter Sports Division, 130,600 square feet, Summer 5p0rt Summer Sports Division, 16,700 sales invoices. Prepare a divisional income statement with two column headingsi winter Sports Division and Summer Sports Division. Do not round your interim calculations. Division, 170,000 square feet. Divisional Income statements Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final anawers to the nearest dollar. Championship Sperts Inc. Provide supporting computations for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest dollar
