Calvin Inc. has operating segments in five different industries: apparel, building, chemical, furniture, and machinery. Data for the five segments for 20X1 are as follows: Apparel $ 870,000 Building $750,000 Sales to nonaffiliates Intersegment sales Cost of goods sold Selling expenses Other traceable expenses Allocated general corporate expenses Other information: Segment assets Depreciation expense Capital expenditures 480,000 160,000 40,000 80,000 450,000 40,000 30,000 75,000 Chemical $55,000 5,000 42,000 10,000 6,000 7,000 Furniture $ 95,000 15,000 78,000 20,000 12,000 13,000 Machinery $180,000 140,000 150,000 30,000 18,000 25,000 610,000 60,000 20,000 560,000 50,000 30,000 80,000 10,000 90,000 11,000 140,000 25,000 15,000 Additional Information 1. The corporate headquarters had general corporate expenses totaling $235,000. For internal reporting purposes, $200,000 of these expenses were allocated to the divisions based on their cost of goods sold. The chief operating decision maker does not use the other corporate expenses for making segmental decisions. 2. The company has an intercorporate transfer pricing policy that all intersegment sales shall be priced at cost. All intersegment sales were sold to outsiders by December 31, 20X1. 3. Corporate headquarters had assets of $125,000 that the chief operating decision maker did not use for making segmental decisions. 4. The depreciation expense (listed in the section titled Other information") has already been added into cost of goods sold in accordance with the company's cost measurement policies. S c. Prepare the information about the company's operations in different industry segments as required by ASC 280. (Amount to be deducted must be entered with minus sign.) eBook CALVIN, INC. Footnote Information about the Company's Operations in Different Operating Segments Operating Segments Apparel Building Machinery Intersegment Others Eliminations Print Consolidated Sales to unaffiliated customers erences Inters gment sales Total revenue Segment profit (loss) Unallocated general corp. expenses Income from continuing operations Segment assets General corporate assets Total assets Depreciation expense Capital expenditures Reconciliation of reportable segment revenue to consolidated revenue: Total revenue for reportable segments Other revenues Elimination of intersegment revenues Total consolidated revenues Reconciliation of reportable segment profit and loss to consolidated profit or los es Total profit and loss for reportable segments Other loss General corporate expenses Income before taxes Reconciliation of Reportable Segment Assets to Consolidated Assets: Total assets of reportable segments Other assets General corporate assets Consolidated total assets d. Would there be any differences in the specification of reportable segments if the building segment had $460,000 in assets instead of $560,000 and the furniture segment had $190,000 in assets instead of $90,000? Justify your answer by preparing a schedule showing the percentages for each of the three 10 percent segment tests for each of the five segments using these new amounts for segment assets. (Round your answers to 1 decimal place.) Revenue Segment Profit (Loss) % Segment Assets % % Apparel Building Chemical % % % % % % Furniture % % % Machinery % % % Revenue Profit Assets Apparel Building Chemical Furniture Machinery