Pax Company is a furniture manufacturer. For internal reporting purposes, products are grouped into seven categories, which are reported management 2 separately to the executives and board of directors. 3 4 Following are the categories and their revenues, profit/loss, and identifiable net assets for 2021: 3 7 Category Beds Revenues 600,000 Profit/loss 90,000 Identifiable Net Assets 500,000 B 9 Bureaus Sofas 650,000 (40,000) 550,000 250,000 25,000 250,000 10. Dining tables/chairs 275,000 50,000 400,000 11 Hutches 225,000 (20,000) 200,000 12 Tables 200,000 Desks 700,000 34,000 150,000 150,000 475,000 34 Total 2,900,000 289,000 2,525,000 15 17 38 19 30 What segments would Pax need to report for 2021? How would they be reported?