Complete this question by entering your answers in the tabs below. Required Required Prepare a segmented income statement for Buckeye Department Stores, Inc. (Enter your answers i 2 Segments of Company Segments of Columbus Division Buckeye Department Division Stores, Inc. Cleveland Columbus Olentangy Scioto Downtown Not Division Store Store Store Allocated Variable operating expenses Total variable expenses Segment contribution margin Fixed expenses controllable Total Profit margin controllable by segment manager Flxed expenses, traceable to segment, but controllable by others Total Profit margin traceable to Required 2> Pre 3 salarLes 60 50 50 240 Security e following fixed expenses are controllable at the divisional level: depreciation-furnishings, computing and b arehouse, insurance, and security. In addition to these expenses, each division annually incurs $70,000 of con osts, which are not allocated to individual stores. he following fixed expenses are controllable only at the company level: depreciation-building, property taxes, a upervisory 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 $140,000, which are not allocated to the two divisi Income-tax expense for 20x1 is $3,050,000. 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? Complete this question by entering your answers in the tabs bel Required Required How would the segmented income statement help the president of Buckeye Department Stores manage the company? helps to reallocate fixed expenses based on contribution margins of each segment fheips to ascertain the profitability of oach division, which is more important than the rate of return heip to gain insight into the performance of the individual stores and their divisions Required 1 Required 2 Pre