Required information [The following information applies to the questions displayed below.] Refer to the data in Exercise AH 6-3. Assume Annie's Homemade divides its total mobile sales into three segments. The Corporate Subscriptions segment, which accounts for 20% of mobile sales and has a variable expense ratio of 47.6%, refers to companies that purchase ice cream for their employees one day a month, every month of the year. The Food Truck segment, which accounts for 28% of mobile sales and has a variable expense ratio of 42.0%, includes selling ice cream at festivals, private venues, and local microbreweries. The Catered Events segment, which accounts for 52% of mobile sales and has a variable expense ratio of 36.0 %, includes pre-purchased ice cream deliveries for weddings, birthday parties, graduation parties, etc. All of the mobile sales' fixed expenses are common fixed expenses that could only be avoided by discontinuing all mobile sales. Required: 1. Prepare a contribution format segmented income statement that divides Annie's Homemade's mobile sales into three segments: Corporate Subscriptions, Food Truck, and Catered Events. 2. If the Food Truck segment's unit sales grow by 20% and all else hold constant, then what would be the impact on profits (rounded to the nearest dollar)? 3. If the total mobile sales hold constant, but sales of Corporate Subscriptions decrease by $10,000 and sales at Catered Events increase by $10,000, then what would be the impact on profits? Complete this question by entering your answers in the tabs below. ces Requirement 1 Requirement 2 Requirement 3 Prepare a contribution format segmented income statement that divides Annie's Homemade's mobile sales into segments: Corporate Subscriptions, Food Truck, and Catered Events. Sales Mobile Corporate Subscriptions Food Truck Catered Events Variable expenses Contribution margin 0 0 0 Traceable fixed expenses Segment margin $ 0 $ 0 $ 0 $ Common fixed expenses Net operating income $ 0 Requirement 1 Requirement 2 > 0 eBook Print Required: 1. Prepare a contribution format segmented income statement that divides Annie's Homemade's mobile sales into three segments: Corporate Subscriptions, Food Truck, and Catered Events. 2. If the Food Truck segment's unit sales grow by 20% and all else holds constant, then what would be the impact on profits (rounded to the nearest dollar)? 3. If the total mobile sales hold constant, but sales of Corporate Subscriptions decrease by $10,000 and sales at Catered Events increase by $10,000, then what would be the impact on profits? eferences Complete this question by entering your answers in the tabs below. Requirement 1 Requirement 2 Requirement 3 If the Food Truck segment's unit sales grow by 20% and all else holds constant, then what would be the impact on profits (rounded to the nearest dollar)? Profits would increase by < Requirement 1 Requirement 3 > Required: 1. Prepare a contribution format segmented income statement that divides Annie's Homemade's mobile sales into three segments: Corporate Subscriptions, Food Truck, and Catered Events.. 2. If the Food Truck segment's unit sales grow by 20% and all else holds constant, then what would be the impact on profits (rounded to the nearest dollar)? 3. If the total mobile sales hold constant, but sales of Corporate Subscriptions decrease by $10,000 and sales at Catered Events increase by $10,000, then what would be the impact on profits? Complete this question by entering your answers in the tabs below. Requirement 1 Requirement 2 Requirement 3 If the total mobile sales hold constant, but sales of Corporate Subscriptions decrease by $10,000 and sales at Catered Events increase by $10,000, then what would be the impact on profits? Profits would increase (decrease) by Assume Annie's Homemade divides its total annual sales of $650,000 into two sales channels: in-store sales and mobile sales. The in- store sales comprise 65% of total sales and the mobile sales account for 35% of total sales. The variable expense ratio is 30% for in- store sales and 40% for mobile sales. Variable expenses are a higher percentage of sales in the mobile sales segment because of various factors, such as price discounts offered to high-volume customers, packaging costs, and incremental fuel costs. Of the company's total annual fixed expenses of $240,000, $10,000 is traceable to in-store sales, $15,000 is traceable to mobile sales, and the remainder are common fixed expenses. The common fixed expenses-the three largest of which include employee salaries ($120,000), equipment depreciation ($40,000), and store rent ($36,000)-would be avoidable only if the company went out of business. Required: