BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division Olentangy Store Scioto Store Downtown Store Cleveland Division (total for all stores) Sales revenue $ 8,000 $ 2,600 $ 14,000 $ 20,000 Variable expenses: Cost of merchandise sold 5,000 2,200 7,000 13,000 Sales personnelsalaries 600 310 760 1,600 Sales commissions 70 40 110 240 Utilities 90 60 190 350 Other 60 35 160 290 Fixed expenses: Depreciationbuildings 120 110 260 510 Depreciationfurnishings 80 50 180 330 Computing and billing 40 50 85 200 Warehouse 70 60 230 490 Insurance 40 25 110 240 Property taxes 35 20 100 210 Supervisory salaries 160 130 440 930 Security 50 50 100 250 The following fixed expenses are controllable at the divisional level: depreciationfurnishings, 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: depreciationbuilding, property taxes, and supervisory salaries. In addition to these expenses, each division incurs costs for supervisory salaries of $150,000, which are not allocated to individual stores. Buckeye Department Stores incurs common fixed expenses of $160,000, which are not allocated to the two divisions. Income-tax expense for 20x1 is $1,880,000. Required: Prepare a segmented income statement for Buckeye Department Stores, Inc. How would the segmented income statement help the president of Buckeye Department Stores manage the company?