Buckeye Department Stores, Inc., operates a chain of department stores in Ohio. The company's organization chart appears below. Operating data for 20x5 follow. Buckeye Department Stores Columbus Division Cleveland Division Olentangy Store Scioto Store Downtown Store Individual Stores BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x5 (in thousands) Columbus Division Scioto Store $2,600 Cleveland Division (total for all stores) Olentangy Downtown Store Store $5,000 Sales revenue Variable expenses $14,000 $24,000 2,000 400 50 80 70 2,200 320 40 60 25 7,000 760 80 180 150 Cost of merchandise sold 13,000 1,600 240 320 290 Sales personnel-salaries Sales commissions Other Fixed expenses 120 90 30 80 30 25 150 30 260 170 85 230 80 70 440 70 80 50 30 60 Depreciation-buildings Depreciation-furnishings Computing and billing Warehouse nsurance Property taxes Superyisory salaries Security 330 200 490 240 210 950 250 100 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 $50,000 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 $140,000, which are not allocated to individual stores Buckeye Department Stores incurs common fixed expenses of $130,000, which are not allocated to the two divisions. Income-tax expense for 20x5 is $1,980,000 Required 1. Prepare a segmented income statement for Buckeye Department Stores, Inc. (Enter your answers in thousands.)