GHI Company has three lines of business, each of which was determined to be reportable segment. GHI Company sales aggregated 7,500,000 in the current year, of which Segment No. 1 contributed 40%. Traceable costs were 1,750,000 for segment No. 1 out of total of 5,000,000 for the entity as a whole. For external reporting, GHI allocates common costs of 1,500,000 based on the ratio of a segment's income before common costs to the total income before common costs. In its financial statements for the current year, how much should GHI report as profit for segment no. 1? 1,000,000 500,000 O 650,000 0 1,250,000