Music Teachers, Incorporated, is an educational association for music teachers that has 20,100 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing professional education credit. The association's statement of revenues and expenses for the current year is presented below. Revenues Expenses: Salaries Music Teachers, Incorporated Statement of Revenues and Expenses For the Year Ended November 30 $ 3,340,100 942,000 Personnel costs Occupancy costs Reimbursement of member costs to local chapters Other membership services Printing and paper Instructors' fees Postage and shipping General and administrative Excess of revenues over expenses Total expenses 235,500 233,000 580,000 600,000 323,000 162,000 76,000 31/000 3,182,500 $157,600 The board of directors of Music Teachers, Incorporated, has requested that a segmented income statement be prepared showing the contribution of each segment to the association. The association has four segments: Membership Division, Magazine Subscriptions Division, Books and Reports Division, and Continuing Education Division. Mike Doyle has been assigned responsibility for preparing the segmented income statement, and he has gathered the following data: a. The 20,100 members of the association pay dues of $100 per year, of which $20 covers a one-year subscription to the Teachers" Forum Other benefits include membership in the association and chapter affiliation. The portion of the dues covering the magazine subscription ($20) should be assigned to the Magazine Subscriptions Division. b. A total of 2,600 one-year subscriptions to Teachers' Forum were also sold last year to nonmembers and libraries at $36 per subscription. In addition to subscriptions, the journal generated $109,000 in advertising revenues. c. The costs to produce the Teachers' Forum magazine included $8 per subscription for printing and paper and $4 per subscription for postage and shipping. d. A total of 28,500 technical reports and professional texts were sold by the Books and Reports Division at an average selling price per unit of $25. Average costs per publication were $4 for printing and paper and $2 for postage and shipping e. The association offers a variety of continuing education courses to both members and nonmembers. The one-day courses had a tuition cost of $75 each and were attended by 2,500 students. A total of 1,820 students took two-day courses at a tuition cost of $125