Branson Industries conducts operations in five major industries, A, B, C, D, and E. Financial data relevant to each industry for the year ending December 31, 2008, are as follows: (In Thousands) United States Canada A B C D E Sales $57,000 $120,000 $880.000 $50,000 $ 83,000 Cost of goods sold 20,000 75,000 400,000 9,400 49,000 Administrative expenses 18,000 26,000 152,000 12,000 8,000 Selling expenses 7,000 44,000 172,000 12,600 20.000 Total cost and expense 45,000 145,000 724,000 34,000 77,000 Operating profit $12,000 $(25,000) $156,000 $16,000 $ 6,000 Identifiable assets $50,000 $95,000 $600,000 $98,000 $240,000 Depreciation and amortization expense 6.400 10,700 76,000 12,200 26,400 Capital expenditures 5,600 8,000 39,000 20,000 25,000 Included in the sales of segments C and E are intersegment sales of $120,000 and $40,000, respectively. Corporate offices have assets of $95,000 and incurred general corporate expenses of $76,000. All corporate assets are located in the United States and depreciation on corporate assets was $10,000. No single customer represents more than 10% of sales. There is no intercompany inventory in beginning or ending inventory. The intersegment sales are included in the measures reviewed by the chief operating decision maker, as are the capital expenditures and depreciation and amortization. Required: A. Which industry segments should be separately reported in the segment report, assuming that Branson defines its operating segments based on major industry (product/services)? Justify your answer. B. Prepare a report to disclose required segment information under SFAS No. 131 [ASC 280]. Include the enterprisewide disclosures