rofit Center Responsibility Reporting 10Y9, 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: Winter Sports Division, $474,000; Summer Sports Division, $536,000. . Transportation expense-allocated to divisions at a rate of $12 per bill of lading: Winter Sports Division, 13,600 bills of lading; Summer Sports Division, 15 ,000 bills of lading. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 20Y9 For the Year Ended December 31, 20Y9 Sales Cost of goods sold Gross profit Divislonal selling and administrative expenses: Divisional selling expenses Divisional administrative expenses Total divisional selling and administrative expenses Divion Summer Sports Division Operating income before support department allocations Support department allocations: Advertising expense Transportation expense Acoounts receivable collection expense Warehouse expense Total support department allocations Operating income Championship Sports Inc