Buckeye Department Stores, Inc., operates a chain of department stores in Ohio. The company's organization chart appears below. Operating data for 20x1 follow. Buckeye Department Stores Columbus Division Cleveland Division Olentangy Store Scioto Store Downtown Store Individual Stores BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division Olentangy Scioto Downtown Store Store Store $7,000 $2,500 $12,000 Cleveland Division (all stores) $ 26,000 4,000 7,000 600 750 50 70 60 2,100 330 30 50 45 90 150 120 10,000 1,200 210 330 260 ales revenue Variable expenses: Cost of merchandise sold Sales personnel-salaries Sales commissions Utilities Other Fixed expenses: Depreciation-buildings Depreciation-furnishings Computing and billing Warehouse Insurance Property taxes Supervisory salaries Security 260 140 120 60 50 50 50 45 180 30 90 40 30 50 35 30 140 30 65 260 90 80 450 80 520 300 170 500 210 180 930 220 The following fixed expenses are controllable at the divisional level: depreciation-furnishings, computing and billing, warehouse, insurance, and security. In addition to these expenses, each division annually incurs $60,000 of computing costs, which are not allocated to individual stores. The following fixed expenses are controllable only at the company level: depreciation-building, property taxes, and supervisory salaries. In addition to these expenses, each division incurs costs for supervisory salaries of $130,000, which are not allocated to individual stores. Buckeye Department Stores incurs common fixed expenses of $120,000, which are not allocated to the two divisions. Income-tax expense for 20x1 is $4,300,000. Required: 1. Prepare a segmented income statement for Buckeye Department Stores, Inc. 2. How would the segmented income statement help the president of Buckeye Department Stores manage the company? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a segmented income statement for Buckeye Department Stores, Inc. (Enter your answers in thousands.) Segments of Columbus Division Buckeye Department Stores, Inc. Segments of Company Cleveland Columbus Division Division Olentangy Store Scioto Store Downtown Store Not Allocated Variable operating expenses: Total variable expenses Segment contribution margin Fixed expenses controllable by segment manager