Question 16 20 pts Carryit, Inc. Carryit, Inc, sells specialty purses, backpacks and messenger bags. The company began operations in January 2021 with one store location and one administrative (service) office location. Its departmental income statement for 2021 follows. Carryit, Inc. For the Year Ended December 31, 2021 Departmental Income Statement: Purses Backpacks Messenger Bags Combined Sales $224,280 $202,920 $106,800 $534,000 Cost of goods sold 110.113 123.554 49.500 283.166 Gross profit 114.167 79,366 57,300 250,834 Direct expenses: Sales salaries 40,000 30,000 25.000 95,000 990 1,320 950 3,260 Advertising 795 424 350 1,569 Store supplies used 3.000 1.500 250 Depreciation of equipment 4.750 32.914 26.550 45.115 104,579 Total direct expenses $15,000 Rent expense $5,500 Utilities expense insurance expense $30,000 Administrative office costs $100.000 Square Feet Insured Assets Expenses to Be Allocated: Other Information Rent expense $15,000 Utilities expense $5,500 Insurance expense $30,000 Administrative office costs $100,000 Other Information: Square Feet Insured Assets Purses 2,600 $620,000 Backpacks 1.400 $230,000 Messenger Bags 1,000 $150,000 Total 5,000 $1,000,000 The company allocates rent and utilities expenses based on square feet occupied. Insurance expense is allocated based on the value of insured assets. The administrative office department is allocated based on sales. Required: Calculate the allocated expenses and complete the departmental allocation below. Enter NUMBERS ONLY. DO NOT enter dollar signs ($) or special characters. Allocation: Purses Backpacks Messenger Bags Combined Allocated expenses: Rent expense Utilities expense Insurance expense Share of office dept. expenses IN Question 17 Carryit, Inc. Please show the calculations and support for your answers in the previous question. Edit View Insert Format Tools Table 12pt Paragraph B IU A E