20. Segment reporting. Finney Company's condensed income statement is presented below: Revenues Expenses $900,000 Cost of goods sold Operating and administrative expenses Depreciation expense $400,000 200,000 40 640,000 260,000 Income before taxes Income tax expenses Net income Earnings per share (100,000 shares) The following data is compiled relative to Finney's operating segments: $182,000 $182 Percent Identified with Segment Hotels Revenues Cost of goods sold Operating and administrative expense Depreciation expense 42% 48 35 46 Grains Candy 50% 49 50 42 8% 15 12 Included in the amounts allocated to each segment on the above percentages are the following expenses which relate to general corporate activities: Operating Segment Hotels Grains tals Operating and administrative expense Depreciation expense S12,000 $9,000 $3,000 $24,000 3,500 4,000 2,500 10,000 Instructions (a) Prepare a schedule showing the amounts distributed to each segment. (b) Based only on the above information, which segments must be reported and why