s Segment Reporting Worksheet and Schedules Calvin Inc. has operating segments in five different industries: apparel, building, chemical ture, and machinery. Data for the five segments for 20XI are as follows: Apparel Building ChemicalFurniture Machine $870.000 $750.000 Sales to nonaffillates Intersegment sales Cost of goods sold Selling expenses Other traceable $55.000 $95.000 40,000 420005.000 6,000 7,000 5.000 480000 450,000 78,000 160,000 40,000 80,000 610,000 20,000 10.000 expenses 30,000 75.000 560,000 12.000 Allocated general corporate expenses 13,000 Other information Segment assets Depreciation expense Capital expenditures 50.00080.000 1 1,000 30,000100009000 Additional Information 1. The corporate headquarters had general corporate expenses totaling $2 nal reporting purposes, $200,000 their cost of goods sold. The chief operating decision maker does not use the expenses for making segmental decisions of these expenses were allocated to the divisions 2. The company has an intercorporate transfer pricing policy that all intersegment 3. Corporate headquarters had assets of $125,000 that the chief operating decision 4 The depreciation expense (listed in the section titled Other Information) has alrcad priced at cost. All intersegment sales were sold to outsiders by December 31 use for making segmental decisions. into cost of goods sold in accordance with the company's cost measurement polico 31, 20X1 maker d a. Prepare a segmental disclosure worksheet for Calvin Inc. b. Prepare schedules to show which segments are separately reportable. c. Prepare the information about the company's operations in different industry segments as d. Would there be any differences in the specification of reportable segments if the building seg required by ASC 280 ment had $460,000 assets instead of $90,000? Justify your answer by preparing a schedule showing the percentages or each of the three 10 percent segment tests for each of the five segments using these new in assets instead of $560,000 and the furniture segment had $190,000 in amounts for segment assets