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	$	250,000		$	105,000		$	355,000
Cost of goods sold		122,500			65,100			187,600
Gross profit		127,500			39,900			167,400
Direct expenses
Sales salaries		21,000			8,200			29,200
Advertising		2,200			200			2,400
Store supplies used		650			250			900
DepreciationEquipment		2,400			600			3,000
Total direct expenses		26,250			9,250			35,500
Allocated expenses
Rent expense		7,030			3,480			10,510
Utilities expense		2,600			2,000			4,600
Share of office department expenses		12,500			8,000			20,500
Total allocated expenses		22,130			13,480			35,610
Total expenses		48,380			22,730			71,110
Net income	$	79,120		$	17,170		$	96,290

Williams plans to open a third department in January 2020 that will sell paintings. Management predicts that the new department will generate $47,000 in sales with a 85% gross profit margin and will require the following direct expenses: sales salaries, $8,500; advertising, $600; store supplies, $400; and equipment depreciation, $600. 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 $7,800. Since the Painting department will bring new customers into the store, management expects sales in both the Clock and Mirror departments to increase by 14%. 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 Direct expenses Total direct expenses 0 0 0 0 Allocated expenses Total allocated expenses 0 0 0 0 Total expenses 0 0 0 $ $ $ 0 C 0 $