From the following partial data, prepare an income statement showing departmental income before tax along with net income for Jay's Corporation for the year ended December 31, 201X.
Net Sales, TVs................................ $105,000
Net Sales, Washers ..............................21,000
Cost of Goods Sold, TVs .....................36,000
Cost of Goods Sold, Washers ................14,000
Income tax rate, 34%
TV Dept., 7,200 square feet
Washers, 2,400 square feet
............................................................Basis of Allocation
Sales Salary Expense ...........$3,900........................... Net Sales
Building Expense ................5,000..................... Square footage
Delivery Expense ................2,700............................ Net Sales
Depreciation Expense .............400...................... Square footage