1. The Sears Corporation has several segments. Please examine the data below to make your calculations. The revenues column includes intersegment revenues. Operating Segment Revenues Operating Pr. or Loss Identifiable Assets Tools-1 $2,200,000 $(150,000) $2,400,000 Home Furnishings 2,600,000 (750,000) 800,000 Automotive 1,700,000 150,000 300,000 Hair Salon 2,000,000 100,000 400,000 Service Contracts 1,300,000 (50,0000) 200,000 Catalog Sales 4,600,000 50,000 1,000,000 Inte Sales 5,600,000 250,000 2,000,000 Tools-2 2,400,000 300,000 500,000 Totals $22,400,000 $(100,000) $7,600,000 Revenue of the segments are external, with the exception of tools-1, which sold $800,000 to other segments. Automotive, which sold $200,000 to other segments. Required: By applying the 10% revenue test, identify reporting segments. What is the test value for Sears Corporation? Required: Using the 75% revenue test, which of the operating segments will also be reportable segments? Required: Using the Asset valuation test, identify reporting segments. What is the test value? 1. The Sears Corporation has several segments. Please examine the data below to make your calculations. The revenues column includes intersegment revenues. Operating Segment Revenues Operating Pr. or Loss Identifiable Assets Tools-1 $2,200,000 $(150,000) $2,400,000 Home Furnishings 2,600,000 (750,000) 800,000 Automotive 1,700,000 150,000 300,000 Hair Salon 2,000,000 100,000 400,000 Service Contracts 1,300,000 (50,0000) 200,000 Catalog Sales 4,600,000 50,000 1,000,000 Inte Sales 5,600,000 250,000 2,000,000 Tools-2 2,400,000 300,000 500,000 Totals $22,400,000 $(100,000) $7,600,000 Revenue of the segments are external, with the exception of tools-1, which sold $800,000 to other segments. Automotive, which sold $200,000 to other segments. Required: By applying the 10% revenue test, identify reporting segments. What is the test value for Sears Corporation? Required: Using the 75% revenue test, which of the operating segments will also be reportable segments? Required: Using the Asset valuation test, identify reporting segments. What is the test value