Glades Sporting Goods Co. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y8, the end of the fiscal year, after all adjustments, including those for inventories, were recorded Sales-Winter Sports Division $32,130,000 Sales-Summer Sports Division 35,496,000 Cost of Goods Sold-Winter Sports Division 19,278,000 Cost of Goods Sold-Summer Sports Division 20,502.000 Sales Expense-Winter Sports Division 5,508,000 Sales Expense-Summer Sports Division 4,896,000 Administrative Expense-Winter Sports Division 3,213,000 Administrative Expense-Summer Sports Division 3,151,800 Advertising Expense 978,000 Transportation Expense 492,000 Accounts Receivable Collection Expense 252,000 Warehouse Expense 3,060,000 The bases to be used in allocating expenses, together with other essential information, are as follows: a. Advertising expense-incurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, $459,000; Summer Sports Division, $519,000. b. Transportation expense-allocated to divisions at an allocation rate of $15 per bill of lading: Winter Sports Division, 15,600 bills of lading; Summer Sports Division, 17,200 bills of lading. C. Accounts receivable collection expense-incurred at headquarters, allocated to divisions at an allocation rate of sa per invoice: Winter Sports Division, 14,500 sales invoices; Summer Sports Division, 17,000 sales invoices. d. Warehouse expense-allocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, 150,000 square feet; Summer Sports Division, 190,000 square feet. Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations. Glades Sporting Goods Co. Divisional Income Statements For the Year Ended December 31, 20Y8 Winter Sports Summer Sports Division Division Sales Cost of goods sold Gross proft Divisional selling and administrative expenses: Divisional selling expenses Divisional administrative expenses Total divisional selling and administrative expenses Income from operations before service department allocations L Less service department cost allocations: Advertising expense Transportation expense Accounts receivable collection expense Warehouse expense