Question 20 Wildhorse Company's condensed income statement is presented below: $955,000 Revenues Expenses Cost of goods sold Operating and administrative expenses Depreciation expense Income before taxes Income tax expenses Net income Earnings per share (100,000 shares) $400,000 260,000 44,000 704,000 251,000 78,000 $173,000 $1.73 The following data is compiled relative to Wildhorse's operating segments: Percent Identified with Segment Hotels Grains Candy 42 % 50 % 8 % 46 Revenues Cost of goods sold Operating and administrative expense Depreciation expense 49 50 35 47 5 15 9 44 Included in the amounts allocated to each segment on the above percentages are the following expenses which relate to general corporate activities: Operating Segment Hotels Grains Candy $10,000 $8,500 $3,900 4,700 5,100 2,800 Operating and administrative expense Depreciation expense Totals $22,400 12,600 (a) Prepare a schedule showing the amounts distributed to each segment. Operating Segment Grains Hotels Candy Totals Revenues s Expenses Cost of goods sold Operating and admin. expense Depreciation expense Total expenses Operating profit $L