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 $1,040,000 168,000 377,000 198,000 Suburban $ 840,000 118,000 297,000 168,000 Outlying $440,000 68,000 127,000 58,000 In addition to the expenses listed above, the company has $90,000 of common fixed expenses. Income tax expense for the year is $290,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Metro Cable Services Suburban Outlying $ 1,040,000 $ 168,000 $ 872,000 $ 840,000 $ 118,000 722,000 $ 444,000 68,000 376,000 $ 0 $ 0 S 872,000 $ 722,000 $ 376,000 Service revenue Variable expenses 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 Less: Income tax expense Net income $ 0 $ 872,000 $ 722,000 $ 376,000 $ 0 $ 0