Selected information from the adjusted trial balance of Book Shop, LLC, as of December 31, 2016, is shown below:

INSTRUCTIONS
Prepare a departmental income statement for the year ended December 31, 2016. The bases for allocating indirect expenses are given below. (Note: Because allocations are not precise, round each allocated amount to the nearest whole percent and dollar.) Show all allocations in a neat and orderly form.
1. Insurance Expense: in proportion to the total of the furniture and fixtures (the gross assets before depreciation) and the ending inventory in the departments. These totals are as follows:
Equipment..............$ 60,000
Clothes....................40,000
Total....................$100,000
2. Rent Expense and Utilities Expense: on the basis of floor space occupied, as follows:
Equipment...3,000 square feet
Clothes.......2,000 square feet
Total.........5,000 square feet
3. Office Salaries Expense, Other Office Expenses, and Depreciation Expense-Office Equipment: on the basis of the gross sales in each department.
4. Uncollectible Accounts Expense: on the basis of net sales in each department.
5. Depreciation Expense-Furniture and Fixtures: in proportion to cost of furniture and fixtures in each department. These costs are as follows:
Equipment..........$ 6,000
Clothes................4,000
Total................$10,000
Analyze:
To what degree does Contemporary contribute to the overall net income of the business?
Express your answer as a percentage.

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Vintage S30,000 29,000 300,000 3,000 120,000 2,000 2,500 85,000 10,000 Total Contemporary S 20,000 S 50,000 Merchandise Inventory, January Merchandise Inventory, December 31 50,000 500,000 5,000 00,000 2,500 4,000 130,000 15,000 00,000 2,000 80,000 Sales Returns and Allowances Freight In Purchases Returns and Allowances Sales Salaries Expense Advertising Expense Store Supplies Expense Cash Short or Over Insurance Expense Rent Expense Utilities Expense Office Salaries Expense Other Office Expense Uncollectible Accounts Expense Depreciation Expense-Furniture and Fixtures Depreciation Expense-Office Equipment Interest Income 1,500 45,000 5,000 20,000 40,000 8,000 60,000 1,600 3,000 4,000