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 Metro $1,060,000 Suburban $860,000 Outlying $460,000 Variable expenses Controllable fixed expenses Fixed expenses controllable by others. 172,000 122,000 383,000 303,000 202,000 172,000 72,000 133,000 62,000 In addition to the expenses listed above, the company has $100,000 of common fixed expenses. Income-tax expense for the year is $300,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. Service revenue Variable expenses Answer is not complete. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin $ 0 $ 0 S 0 $ 0 Less: Fixed expenses controllable by segment manager Profit margin controllable by segment manager $ 0 $ 0 $ 0 S 0 Less: Fixed expenses, traceable to segment, but controllable by others " Profit margin traceable to segment $ 0 $ 0 $ 0 0 Less: Common fixed expenses Income before taxes Less: Income tax expense Net income 0000 $ 0 $ 0