NAME: Problem 1 - Income Statement by Division and Allocate Expenses Jensen Company has two divisions; Consumer and Commercial. They have the following information available regarding their income statement Revenues Consumer 7,430,000 4,123,000 1,465,000 Commercial 6,184,000 3,125,000 1,546,000 Cost of Goods Sold Operating Expenses Another expense is Tech Support, which must be allocated between the two divisions based on the number of computers in each division: Total Tech Support Cost: $516,000 Computers in Consumer: 375 Computers in Commercial 225 + Total Tech Support Cost Total # of Computers Rate per Computer Expense to Consumer Expense to Commercial Total Expense (should match line 1) The final expense is purchasing cost which is allocated based on purchase orders. Total Purchasing Cost: $89,600 Purchase Orders in Consumer: 1,960 Purchase Orders in Commercial 3,640 Total Purchasing Cost Total # of Purchase Orders Rate per Purchase Order Expense to Consumer Expense to Commercial Total Expense (should match line 1) Prepare an income statement for both divisions Consumer Commercial Revenues Cost of Goods Sold Operating Expenses Tech Support Purchasing Income From Operations From the financial accounting department, the company knows that the total income from operations should be $2,749,400