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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

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.

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