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 Sales $ 220,000 $ 85,000 $ 305,000 Cost of goods sold 107,800 52,700 160,500 Gross profit 112,200 32,300 144,500 Direct expenses Sales salaries 21,000 6,800 27,800 Advertising 1,200 600 1,800 Store supplies used 950 450 1,400 DepreciationEquipment 1,600 400 2,000 Total direct expenses 24,750 8,250 33,000 Allocated expenses Rent expense 7,110 3,840 10,950 Utilities expense 2,500 1,400 3,900 Share of office department expenses 10,500 9,500 20,000 Total allocated expenses 20,110 14,740 34,850 Total expenses 44,860 22,990 67,850 Net income $ 67,340 $ 9,310 $ 76,650 Williams plans to open a third department in January 2020 that will sell paintings. Management predicts that the new department will generate $55,000 in sales with a 75% gross profit margin and will require the following direct expenses: sales salaries, $8,000; advertising, $1,100; store supplies, $600; and equipment depreciation, $800. 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 fill one-fifth 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 (or 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 $7,900. Since the Painting department will bring new customers into the store, management expects sales in both the Clock and Mirror departments to increase by 8%. No changes for those departments gross profit 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 companys 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.)

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
Sales	$	220,000		$	85,000		$	305,000
Cost of goods sold		107,800			52,700			160,500
Gross profit		112,200			32,300			144,500
Direct expenses
Sales salaries		21,000			6,800			27,800
Advertising		1,200			600			1,800
Store supplies used		950			450			1,400
DepreciationEquipment		1,600			400			2,000
Total direct expenses		24,750			8,250			33,000
Allocated expenses
Rent expense		7,110			3,840			10,950
Utilities expense		2,500			1,400			3,900
Share of office department expenses		10,500			9,500			20,000
Total allocated expenses		20,110			14,740			34,850
Total expenses		44,860			22,990			67,850
Net income	$	67,340		$	9,310		$	76,650
Required: Prepare departmental income statements that show the companys 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.)