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Check my work Required information [The following information applies to the questions displayed below) Georgia Orchards produced a good crop of peaches this year. After preparing the following income statement, the company is concerned about the net loss on its No. 3 peaches. GEORGIA ORCHARDS Tncome Statement Por Year Ended December 31, 2019 No. No. 2 No. 3 Combined Sales (by grade) No. 11 420,000 lbs. 4 $1.20/1b $504,000 No. 21 420.000 lbs @ $0.80/lb. $336,000 No. 3: B40,000 Iba $0.25/1b $ 210,000 Total sales 53.050.000 Conta Tree pruning and care e $0.35/1b 147.000 147,000 294,000 588,000 Picking, sorting and grading $0.10/1b 42,000 42,000 84,000 168,000 Delivery costs 16,200 16.100 38,600 20,800 Total costa 205 100 205,100 416,600 826,00 Net Income (lona) $299,900 $130,900 $(206,600) $ 223,200 In preparing this statement, the company allocated joint costs among the grades on a physical basis as an equal amount per pound. The company's delivery cost records show that $32,200 of the $70,800 relates to crating the No. 1 and No. 2 peaches and hauling them to the buyer. The remaining $38,600 of delivery costs is for crating the No. 3 peaches and hauling them to the cannery Required: 1. Prepare reports showing cost allocations on a sales value basis to the three grades of peaches. Separate the delivery costs into the amount dirert Irientifiable with each rade Then all rate any shared delivery resan the hace of the relativa aloe vahenfeach Heim HORN SAIN VAIHIRTPHOP ART SHAHIH CHIVV FUN! Required information x Indirect Cost Allocated Cost Tree Pruning and Care: Grado Allocation Base Nos. Sales value No. 1 Percent of Allocation Base Numerator Denominator % of Total 0 0 No. 2 No. 3 0 0 0 Totals Picking, Sorting, and Grading: Grade Allocation Base Nos Sales value x Indirect Cost Allocated Cost Percent of Allocation Base Numerator Denominator % of Total 0 No. 1 0 No. 2 No. 3 0 0 0 x Indirect Cost Allocated Cost Totals Delivery: Grade Nos. No. 1 No. 2 Allocation Base Value of assets in use Percent of Allocation Base Numerator Denominator % of Total 0 0 No. 3 Titole ms Required Information 0 0 No.3 Totals Pielding Sorting, and Grading Grade Allocation Base Nos Sales value No. 1 x Indirect Cost Allocated Cost Porcent of Allocation Base Numerator Denominator % of Total 0 No. 2 0 0 0 0 No. 3 Totals Delivery Grade Nos, No. 1 No. 2 x Indirect Cont Alloonted Cost Allocation Base Malue of assets in use Percent of Allocation Bano Numeri Denominator % of Total 0 0 No. 3 Totals

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