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.

	Metro			Suburban			Outlying
Service revenue	$	980,000		$	780,000		$	380,000
Variable expenses		156,000			106,000			56,000
Controllable fixed expenses		359,000			279,000			109,000
Fixed expenses controllable by others		186,000			156,000			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.