From the following partial data, prepare an income statement showing departmental income before tax along with net income for Phil's Corporation for the year ended December 31, 201X.
Net Sales, TVs ....................................$100,800
Net Sales, Washers ..................................25,200
Cost of Goods Sold, TVs ..........................40,000
Cost of Goods Sold, Washers .....................18,000
Income tax rate .........................................30%
TV Dept., 4,800 square feet
Washers, 1,600 square feet
Basis of Allocation
Sales Salary Expense ..................$4,500.................. Net Sales
Building Expense ........................4,800............ Square footage
Delivery Expense ........................1,800................. Net Sales
Depreciation Expense................... 1,400........... Square footage