INCOME STATEMENT WITH DEPARTMENTAL OPERATING INCOME AND TOTAL OPERATING INCOME Sonya McDowell owns a business called The Knitting Chamber. She has divided her business into two departments: domestic yarn and international yarn. The following information is provided for the fiscal year ended June 30, 20--:

REQUIRED
1. Prepare an income statement showing departmental operating income and total operating income.
2. Calculate departmental operating expense and operating incomepercentages.

Domestic Yarn International Yarn Net sales Cost of goods sold Wages expense Advertising expense Other operating expenses $60,000 $40,000 28,000 5,000 1,500 1,000 10,000 2,500 4,000