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 Tixed expenses controllable by others Metro $1,040,000 168,000 377,000 198,000 Suburban Outlying $840,000 $440,000 118,000 68,000 297,000 127,000 168,000 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 Cable Services Metro Suburban Outlying Segrent contribution margin Profit margin controllable by segment manager Profit margin traceable to segment 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 Cable Services Metro Suburban Outlying Segment contribution margin Profit margin controllable by segment manager Profit margin traceable to segment