From the following partial data, prepare an income statement showing departmental income before tax along with net income for Paul’s Corporation for the year ended December 31, 201X:

Net Sales, TVs .............$86,400

Net Sales, Washers ............ 21,600

Cost of Goods Sold, TVs ........ 39,000

Cost of Goods Sold, Washers ....... 18,000

Income tax rate, 20%

TV Dept., 9,000 square feet

Washers, 3,000 squarefeet

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Basis of Allocation Sales Salary Expense Building Expense Delivery Expense Depreciation Expense 55,100 Net Sales 3,800 Square footage 1,800 Net sales 800 Square footage