Selected information, which is reported to the chief operating officer, for the five segments of Rad Company for the year ended December 31, 2011, is as follows:

The lumber segment has not been a reportable segment in prior years and is not expected to be a reportable segment in future years.REQUIRED1. Prepare schedules to show which of the segments are reportable segments under:(a) The 10% revenue test(b) The 10% operating-profit test(c) The 10% asset test2. Which of the segments meet at least one of the tests for reportable segments?3. Must additional reportable segments be identified?4. Prepare a schedule for appropriate disclosure of the above segmented data in the financial report of Rad Company for the year ended December 31,2011.

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General Food Tobacco Lumber Textiles Furniture Corporate Consolidated Revenue Data $ 54,000 $18,000 Sales to unaffiliated $12,000 S10,000 $7,000 $7,000 customers 5,000 Sales to affiliated 7,000 8,000 20.000 customers Income from equity investees ১ 6,000 3,000 9,000 $17.000 S17,000 $7.000 $29,000 $7.000 $ 6.000 $ 83,000 Total revenue Expense Data Cost of sales Depreciation $ 43,000 9,000 $10,000 $9,000 $4,000 2,000 $16,000 3,000 $4,000 2,500 1,000 500 expense Other operating 2,000 2,000 1,000 2,000 1,000 8,000 expenses $ 3,000 1,500 S 1,500 2,000 3,000 $ 3,000 Interest expense Income taxes 2,000 7,000 (250) 3 (250) 1,000 2,000 750 8,000 $ 8,000 S 750 $ 1,000 $ 2,000 Net income Asset Data $ 72,000 60,000 $18,000 $19,000 $6,000 $22,000 $7,000 20,000 Segment assets Investment in $40,000 affiliates General corporate 4,000 4,000 assets 2,000 Intersegment advances Total assets 1.000 $19,000 $21,000 $44,000 $6,000 $136,000 $42,000 $7,000