The following fixed expenses are controllable at the divisional level: depreciationfurnishings, computing and billing, warehouse, insurance, and security. In addition to these expenses, each division annually incurs $80,000 of computing costs, which are not allocated to individual stores.The following fixed expenses are controllable only at the company level: depreciationbuilding, property taxes, and supervisory salaries. In addition to these expenses, each division incurs costs for supervisory salaries of $100,000, which are not allocated to individual stores.Buckeye Department Stores incurs common fixed expenses of $160,000, which are not allocated to the two divisions. Income-tax expense for 20x1 is $1,550,000. prepare income tax statement

Sales revenue	$	6,000		$	2,700		$	12,000			$	21,000
Variable expenses:
Cost of merchandise sold		2,000			2,300			7,000				14,000
Sales personnelsalaries		500			320			740				1,700
Sales commissions		50			50			90				260
Utilities		80			70			190				340
Other		60			35			160				310
Fixed expenses:
Depreciationbuildings		120			90			290				530
Depreciationfurnishings		80			40			180				350
Computing and billing		40			40			65				220
Warehouse		70			70			240				510
Insurance		40			25			90				260
Property taxes		35			20			80				230
Supervisory salaries		150			120			460				930
Security		40			40			80				270