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 Store Store Downtown Store $ 6,000 $ 2,400 $13,000 Cleveland Division (all stores) $ 23,000 3,000 500 60 90 80 2,000 330 40 60 45 8,000 740 90 170 140 10,000 1,400 250 300 300 Sales 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 90 50 30 60 100 90 50 80 50 45 160 30 260 160 85 240 90 80 430 80 500 340 210 480 250 220 920 260 35 30 120 30 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 $3,200,000 Required: 1. Prepare a segmented income statement for Buckeye Department Stores, Inc. Segments of Company Segments of Columbus Division Buckeye Department Stores, Inc. Cleveland Division Columbus Division Olentangy Store Scioto Store Downtown Store Not Allocated Variable operating expenses: $ 0 0 0 Total variable expenses Segment contribution margin Fixed expenses controllable by segment manager: AGA 0 $ 0 $ $ $ 0 $ 0 $ olo 0 $ 0 $ $ 0 0 $ 0 $ 0 0 0 $ 0 $ 0 $ 0 $ $ $ 0 $ 0 $ $ 0 $ $ 0 Total Profit margin controllable by segment manager Fixed expenses, traceable to segment, but controllable by others: 0 $ 0 $ 0 $ 0 0 $ 0 $ 0 Total Profit margin traceable to segment $ $ 0 $ 0 $ 0 $ $ $ CA 0 $ 0 0 $ $ 0 $ HA 0 $ 0