Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) 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 Suburban Outlying $1,000,000 $800,000 $400,000 160,000 110,000 60,000 365,000 285,000 190,000 160,000 115,000 50,000 In addition to the expenses listed above, the company has $70,000 of common fixed expenses. Income-tax expense for the year is $270,000. Required: 1. Prepare a segmented Income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin Profit margin controllable by segment manager Profit margin trace able to segment