Problem 24-2 Flounder Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2018. A B C D E Sales revenue $40,100 $74,500 $575,600 $34,900 $55,000 Cost of goods sold 19,400 49,200 270,300 19,100 29,900 Operating expenses 10,100 39,700 235,900 12,000 18,300 Total expenses 29,500 88,900 506,200 31,100 48,200 Operating profit (loss) $10,600 $(14,400) $69,400 $3,800 $6,800 Identifiable assets $35,600 $79,000 $490,300 $65,700 $49,700 Sales of segments B and C included intersegment sales of $20,300 and $101,700, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. (b) Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A B C Other Totals External Revenues $ $ $ $ $ Intersegment Revenues Total Revenues $ Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ $ $ $ $ Identifiable Assets $ $ $ $ $