the red X's please!
Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your intermediate calculations. Championship Sports Inc. Divisional Income Statements For the Year Ended December 31, 20 V9 \begin{tabular}{c} Winter Sports \\ Division \end{tabular} \begin{tabular}{l} Summer Sports \\ Division \end{tabular} Sales Cost of goods sold Gross proft Divisional selling and administrative expenses: Divisional selling expenses Divalonal administrative expenses Total divisional selling and administrative expenses operating incotre before support department sllocations Support department allocations: Advertuing expense Transportation expense Accounts receivable collection expense Warehouse expense Totat tupport department allocations Operating income Arovide supporting computations for support department allocatons. If required, round per unit amounts to two decimal places and final answers to the nearest Onampionship 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 or December 31, 20V9, the end of the fiscal year, after alf 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 $ ports Division, $3306,000; Summer Sports Division, $773,000. b. Transportation expense-allocated to divisions at a rate of $6 per bill of lading: Winter Sports Division, 17,000 bilis of lading; Summer $ pports Division, 32,000 bills of lading. c. Accounts receivable collection expense-incurred at headquarters, allocated to divisions at a rate of $2 per invoice: Winter $ ports Division, 26,000 sales invoices; Sumimer Sports Division, 42,000 sales invoices. 1. Warehouse expense-allocated to divisions on the basis of fioor space used in storing division products: Winter Sports Division, 53,000 square feet; Summer Sports Division, 81,000 square feet. rovide supporting computabons for support department allocations. If required, round per unit amounts to two decimal places and final answers to the nearest lollar