Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $980,000 156,000 359,000 186,000 Suburban $780,000 106,000 279,000 156,000 Outlying $380,000 56,000 109,000 46,000 In addition to the expenses listed above, the company has $60,000 of common fixed expenses. Income-tax expense for the year is $260,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Metro Suburban Outlying Services Service revenue Variable expenses Segment contribution margin $ 0 $ 0 $ 0 $ Less: Fixed expenses controllable by segment manager nt manner Profit margin controllable by segment manager 0 $ 0 $ 0 $ Less: Fixed expenses, traceable to segment, but controllable by others I I Profit margin traceable to segment $ 0 % 0 % 0 % 0 Less: Common fixed expenses Income before taxes Less: Income tax expense Net income