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 $1,150,000 190,000 410,000 220,000 Suburban $950,000 140,000 330,000 190,000 Outlying $550,000 90,000 160,000 80,000 In addition to the expenses listed above, the company has $145,000 of common fixed expenses. Income-tax expense for the year is $345,000. 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 0 $ 0 $ 0 $ 0 $ 0 $ EA 0 Segment contribution margin Less: Fixed expenses controllable by segment manager Profit margin controllable by segment manager Less: Fixed expenses, traceable to segment, but controllable by others Profit margin traceable to segment Less: Common fixed expenses Income before taxes $ 0 $ 0 $ O $ 0 FA o Less: Income tax expense Net income $ 0