P 15-6 Apply threshold tests—Disclosure The consolidated income statement of Tut Company for 2016 is as follows (in thousands):

TUT CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2016 Sales $360 Interest income 10 Income from equity investee 30 Total revenue 400 Cost of sales $180 General expenses 40 Selling expenses 50 Interest expense 10 Noncontrolling interest share 15 Income taxes 45 Total expenses 340 Income from continuing operations $ 60 Discontinued operations loss (net of income taxes) 10 Consolidated net income $50 Tut’s operations are conducted through three domestic operating segments with sales, expenses, and assets as follows (in thousands):

Chemical Food Drug Corporate Sales (including intersegment sales) $160 $140 $120 Cost of sales (including intersegment cost of sales) 80 70 60 General expenses 15 10 10 $5 Selling expenses 20 15 15 Interest expense (unaffiliated) 5 5 Identifiable assets 200 180 150 200 Investment in equity investee 300 The $10,000 interest income is not related to any industry segment. Consolidated total assets are $1,000,000. The chemical and food segments had intersegment sales of $35,000 and $25,000, respectively.

REQuIRED: Prepare a schedule of required disclosures for Tut’s industry segments in a form acceptable for reporting purposes. Assume the CODM uses operating profit to evaluate segments.