20 points eBookPrintReferencesCheck my workCheck My Work button is now enabled3Item 4 Diaz Company is a retail store with two operating departments, Clothes and Shoes. Information follows. For Year Ended December 31 Clothes Shoes Sales $ 825,500 $ 444,500 Cost of goods sold 400,000 288,925 Direct expenses: Wages 121,000 87,000 Supplies used 15,500 10,600 Depreciation 16,000 13,500 The company reports the following indirect expenses for the year. Indirect Expense Amount Allocation Base Utilities $ 8,000 Square feet of space occupied Supervisor salaries 28,000 Number of employees in department Additional information about the two departments follows. Department Square Footage Number of Employees Clothes 34,300 70 Shoes 14,700 30 Required: 1. Allocate indirect expenses to the two operating departments. 2. Prepare departmental income statements.

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