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	$	230,000		$	125,000		$	355,000
Cost of goods sold		112,700			77,500			190,200
Gross profit		117,300			47,500			164,800
Direct expenses
Sales salaries		21,500			8,800			30,300
Advertising		2,100			500			2,600
Store supplies used		850			450			1,300
DepreciationEquipment		2,200			600			2,800
Total direct expenses		26,650			10,350			37,000
Allocated expenses
Rent expense		7,070			3,780			10,850
Utilities expense		2,800			1,900			4,700
Share of office department expenses		10,500			3,500			14,000
Total allocated expenses		20,370			9,180			29,550
Total expenses		47,020			19,530			66,550
Net income	$	70,280		$	27,970		$	98,250

Williams plans to open a third department in January 2020 that will sell paintings. Management predicts that the new department will generate $57,000 in sales with a 75% gross profit margin and will require the following direct expenses: sales salaries, $8,000; advertising, $1,000; store supplies, $800; 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 $8,200. 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
Forecasted Departmental Income Statements
For Year Ended December 31, 2020
	Clock	Mirror	Paintings	Combined
	0	0	0	0
Direct expenses
Total direct expenses	0	0	0	0
Allocated expenses
Total allocated expenses	0	0	0	0
Total expenses	0	0	0	0
	$0	$0	$0	$0