Required Information [The following information applies to the questions displayed below.) National Retail has two departments, Housewares and Sporting. Indirect expenses for the period follow. Rent Advertising Insurance Total $ 45, eee 25, eee 19, eee $ 80,eee The company occuples 4,000 square feet of a rented building. In prior perlods, the company divided the $80,000 of Indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated Indirect expenses to each department based on the square feet it occupled. The company now wants to allocate Indirect expenses using the allocation bases shown below. Department Housewares Sporting Total Square Feet 1,960 2,840 4, eee Sales $ 240,000 260, eee $ 500,000 Value of Insured Assets $ 46,080 54,80 $ 109, eee Required: 1. Allocate Indirect expenses to the two departments using the allocation method used in prior periods. Square Footage Rate Total Department Housewares Sporting $ s 0