Williams Company began operations in January 2019 with two operating (selling) departments and one service (office) department. Its departmental income statements follow.

WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2019
	Clock			Mirror			Combined
Sales	$	200,000		$	90,000		$	290,000
Cost of goods sold		98,000			55,800			153,800
Gross profit		102,000			34,200			136,200
Direct expenses
Sales salaries		20,700			7,000			27,700
Advertising		1,340			850			2,190
Store supplies used		1,250			750			2,000
DepreciationEquipment		1,640			650			2,290
Total direct expenses		24,930			9,250			34,180
Allocated expenses
Rent expense		7,020			3,780			10,800
Utilities expense		7,150			3,850			11,000
Share of office department expenses		10,500			4,500			15,000
Total allocated expenses		24,670			12,130			36,800
Total expenses		49,600			21,380			70,980
Net income	$	52,400		$	12,820		$	65,220

Williams plans to open a third department in January 2020 that will sell paintings. Management predicts that the new department will generate $71,000 in sales with a 55% gross profit margin and will require the following direct expenses: sales salaries, $8,700; advertising, $1,150; store supplies, $850; and equipment depreciation, $550. It will fit the new department into the current rented space by taking some square footage from the other two departments. When opened, the new Painting department will fill one-fifth of the space presently used by the Clock department and one-fourth used by the Mirror department. Management does not predict any increase in utilities costs, which are allocated to the departments in proportion to occupied space (or rent expense). The company allocates office department expenses to the operating departments in proportion to their sales. It expects the Painting department to increase total office department expenses by $21,000. Since the Painting department will bring new customers into the store, management expects sales in both the Clock and Mirror departments to increase by 8%. No changes for those departments gross profit percents or their direct expenses are expected except for store supplies used, which will increase in proportion to sales.

Required: Prepare departmental income statements that show the companys predicted results of operations for calendar-year 2020 for the three operating (selling) departments and their combined totals. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)

WILLIAMS COMPANY Forecasted Departmental Income Statements For Year Ended December 31, 2020 Clock Mirror Paintings Combined Sales Cost of goods sold Gross profit 0 0 0 0 Direct expenses Sales salaries Advertising Store supplies used Depreciation of equipment Total direct expenses 0 0 0 0 Allocated expenses Rent expense Utilities expense Share of office dept. expenses Total allocated expenses 0 0 0 0 Total expenses 0 0 0 0 Net income