You are compiling the consolidated financial statements for Vu Corporation International (VCI), a public company. The corporation’s accountant, Timothy Chow, has provided you with the following segment information.

Note 7: Major Segments of BusinessVCI conducts funeral service and cemetery operations in Canada and the United States. Substantially all revenues of VCI’s major segments of business are from unaffiliated customers. Segment information for fiscal 2023, 2022, and 2021, follows:

InstructionsDetermine which of the segments must be reported separately and which can be combined under the category “Other.” Then write a one-page memo to the company’s accountant, Timothy Chow, that explains all of the following:

a. Which segments must be reported separately and which ones can be combined

b. Which criteria you used to determine the reportable segments

c. What major items must be disclosed for each segment

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Revenues: 2023 $302,000 $10,000 $ 83,000 61,000 42,000 2022 2021 Operating income: 2023 2022 2021 Capital (thousands) Funeral Floral Cemetery Corporate Catering Limousine Consolidated $7,000 $14,000 $416,000 4,000 8,000 324,000 1,000 6,000 260,000 2023 2022 245,000 6,000 208,000 3,000 expenditures: 2023 2022 2021 Depreciation and amortization: 2021 Liabilities: 2023 2022 2021 $ 79,000 64,000 54,000 $1,500 $ 18,000 200 12,000 150 6,000 2023 $ 13,000 $ 100 $ 2,400 2022 10,000 50 2021 8,000 25 Identifiable assets: $ 26,000 $1,000 $ 9,000 $ 28,000 2,000 60,000 14,000 25 8,000 1,400 1,000 $334,000 $1,500 $162,000 322,000 1,000 144,000 223,000 500 78,000 $222,000 $1,230 $132,000 209,000 119,000 121,000 56,000 900 350 $ -0- -0- -0- $ (36,000) (28,000) (21,000) 400 1,500 600 $ 1,400 700 600 $ 114,000 52,000 34,000 $ 99,000 74,000 27,000 $ 500 200 100 $ 300 100 25 $100 50 25 $ 500 1,000 500 $ 340 750 320 $14,000 8,000 6,000 $ 1,000 700 50 $ 200 100 50 $ 8,000 6,000 3,500 $ 6,000 4,100 2,400 $ 77,000 56,400 45,250 $ 37,700 92,300 22,700 $ 17,200 12,300 9,700 $620,000 526,000 339,500 $460,570 407,750 207,070