urgent please!

Problem 09-3A Departmental income statements; forecasts LO P3 Sales Williams Company began operations in January 2019 with two operating (selling) departments and one service office) department. Its departmental income statements follow WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2019 Clock Mirror Combined $ 190,000 $ 85,000 $275,000 Cost of goods sold 93 100 52.700 145,800 Gross profit 96.900 32,300 129,200 Direct expenses Sales salaries 20,600 7.000 27,600 Advertising 1,320 800 2,120 Store supplies used 1.200 700 1,900 Depreciation Equipment 1,620 600 2,220 Total direct expenses 24,740 9,100 33,840 Allocated expenses Rent expense 7,020 3, 780 10,800 Utilities expense 6.500 3,500 10.000 Share of office department expenses 10.500 6,500 15,000 Total allocated expenses 20.020 11,780 35,800 Total expenses 40.260 20.000 60640 Net income $ 48,140 11,420 59,560 Williams plans to open a third department in January 2020 that will sell paintings. Management predicts that the new department will generate $68,000 in soles with a 55% gross profit margin and will require the following direct expenses: sales salaries, $8,600; advertising, $1100; store supplies, $800; and equipment depreciation, $500. It will fit the new department into the current rented space by taking some square footage from the other two departments. When opened, the new Painting department will it one finth of the space presently used by the Clock department and one-fourth used by the Mirror department Management does not predict any increase in utilities costs, which are allocated to the departments in proportion to occupied space for rent expense). The company allocates office department expenses to the operating departments in proportion to their sales. It expects the Painting department to increase total office department expenses by $19,000. Since the Painting department will bring new customers into the store. management expects soles in both the clock and Mirror departments to increase by 8%. No changes for those departments gross pront percents or their direct expenses are expected except for store supplies used, which will increase in proportion to sales Required: Prepare departmental income statements that show the company's predicted results of operations for calendar year 2020 for the three operating (selling) departments and their combined totals. (Do not round Intermediate calculations, Round your final answers to nearest whole dollar amount.)