From the following partial data, prepare an income statement showing departmental income before tax along with net income for Jimmy€™s Corporation for the year ended December 31, 201X.
Net Sales, TVs ............... $96,000
Net Sales, Washers .............. 24,000
Cost of Goods Sold, TVs .......... 36,000
Cost of Goods Sold, Washers ......... 16,000
Income tax rate 30%
TV Dept., 6,000 square feet
Washers, 6,000 squarefeet

Basts of Allocaton Sales Salary Expense 3,900 Net sales Building Expense Delivery Expense Depreciation Expense 5,000 Square footage 3,300 Net sales 1,800 Square footage