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Prepare a segmented income statement based on the following information: Accurate Accounting Services has the following information: Based on the profitability of the Consulting Department,

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Prepare a segmented income statement based on the following information: Accurate Accounting Services has the following information: Based on the profitability of the Consulting Department, the company has decided to close the Consulting Department. Of the total fixed expenses, the following are the costs that won't change for each department (Tax $90,000; Audit $75,000 and Consulting: $30,000. They estimate that if they close the Consulting Department the net income would be $35,000. Are they correct? What will be the impact on earnings, if they discontinue the Consulting Department

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