ABC, Company has three operating segments with the following information: Segment 1 Segment 2 Segment 3 $ 25,000 $13,000 $1,000 none $ 2,000 Sales to outsiders Intersegment transfer $ 1,000 $ What amount of revenue must be generated from one customer before such party must be identified as a major customer? Part II. Comprehensive Income 1. Define Comprehensive Income. 2. What are the two ways companies can present comprehensive income? 3. ABC Company reported net income of $650,000 for 2024. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $40,000. Prepare a separate statemen of comprehensive income for 2024. The company's tax rate is 25%. Part III. Derivatives 1. Some financial instruments are called derivatives. Why? 2. Should gains and losses on a fair value hedge be recorded as they occur, or should they be recorded to coincide with losses and gains on the item being hedged? 3. How are derivatives reported on the balance sheet? Why?