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Bacon and Hand Distributors has divided its business into two departments: retail sales and wholesale...

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Accounting

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Bacon and Hand Distributors has divided its business into two departments: retail sales and wholesale sales. The following information is provided for the year ended December 31, 20- $570.000 830,000 319.200 398,400 Net sales, retail sales department Net sales, wholesale sales department Cost of goods sold, retail sales department Cost of goods sold, wholesale sales department Warehouse wages expense Truck drivers wages expense Advertising expense Warehouse lease expense Depreciation expense-delivery equipment 110,000 90.500 70,000 40,000 12,000 Cost of goods sold, retail sales department Cost of goods sold, wholesale sales department 319,200 398,400 110,000 90,500 Warehouse wages expense Truck drivers' wages expense Advertising expense Warehouse lease expense Depreciation expensedelivery equipment Other operating expenses 70,000 40,000 12,000 130,000 Required: 1. Prepare an income statement showing departmental gross profit and total operating income. 2. Calculate departmental gross profit percentages

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