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 $1,000,000 200,000 400,000 230,000 Suburban $800,000 150,000 320,000 200,000 Outlying $400,000 100,000 150,000 90,000 In addition to the expenses listed above, the company has $95,000 of common fixed expenses. Income-tax expense for the year is $145,000. 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 $ 0 $ 0 $ 0 $ 0 Profit margin controllable by segment manager $ 0 $ 0 $ 0 $ 0 Profit margin traceable to segment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0