Problems P23-1 Franklin Corporation is a diversified company that operates in five different industries following information relating to each segment is available for 2017. Sales of segments B and Ci sales of $20,000 and $100,000, respectively A, B, C, D, and E. Th ncluded interse DIGGING DEEPER $35,000 19,000 12,000 31,000 $580,000 270,000 $55,000 30,000 18,000 48,000 $80,000 50,000 90,000 $ (10,000) 60,000 $ 31,000 Sales Cost of goods sold Operating expenses Total expenses $40,000 19,000 10,000 29,000 40000 235,000 505,000 Operating profit (as) $1,000 (0,000)$75,000$4,000$7,00 Assets $35,000 $500,000 $65,000 $50,000 Liabilities $22,000 $443,000 $12,000 $29,000 Instructions (a) Determine which of the segments are reportable under IFRS based on each of the following: 1. Revenue test DIGGING DEEPER 2. Operating profit (loss) test 3. Assets test