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 Stores BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 in thousands) olumbus Division Cleveland Division (total for all stores) Olentangy Store Scioto Store Downtown Store 7,000 $2,900 $16,000 $ 23,000 Sales revenue Variable expenses: 4,000 700 50 2,500 Cost of merchandise sold Sales personnel-salaries Sales commissions Utilities Other 6,000 730 100 170 140 16,000 1,400 250 70 300 Fixed expenses 100 Depreciation-buildings Depreciation-furnishings Computing and billing Warehouse Insurance Property taxes Supervisory salaries Security 240 160 85 210 100 120 490 340 210 470 250 220 930 260 50 45 160 30 120 30 420 90 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 $40,000 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 $110,000, 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 $2,900,000 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