Selected information from the adjusted trial balance of 4 Feet Co. as of December 31,201, follows: 1. Insurance Expense: in proportion to the total of the furniture and fixtures (the gross assets before depreciation) and the ending inventory in the departments. These totals are as follows: 2. Rent Expense and Utilities Expense: on the basis of floor space occupied, as follows: 3. Office Salaries Expense, Other Office Expenses, and Depreciation Expense-Office Equipment: on the basis of the gross sales in each department. 4. Uncollectible Accounts Expense: on the basis of net sales in each department. 5. Depreciation Expense-Furniture and Fixtures: in proportion to cost of furniture and fixtures in each department. These costs are as follows. Required: given above. Analyze: Which department reports the higher return on net sales? Complete this question by entering your answers in the tabs below. Prepare a departmental income statement for the year ended December 31, 20X1. The bases for allocating indirect expenses are given above. (Note: Because allocations are not precise, round your calculation for allocation percent to the nearest whole percent (two decimals). Also round your final answers to the nearest whole dollar.) 4FEET CO. Income Statement Year Ended December 31, 20X1 Operating expenses Note: Round your calculation for allocation percent to the nearest whole percent (two decimals). \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Total indirect expenses } & & & \\ \hline Net income from operations & & & \\ \hline Other Income & & & \\ \hline & & & \\ \hline Other Expense & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. Which department reports the higher return on net sales