Segment Revenue Vertical Analysis Newton Corporation is one of the worlds largest entertainment companies that includes Gravity films, Apple Broadcasting, Gravity News, the GR, and various satellite properties. The company provided revenue disclosures by its major product segments in the notes to its financial statements as follows: a. Using the revenue disclosures by major product segment listed below, provide a vertical analysis of the product segment revenues. Round all percents to one decimal place. Major Product Segments For a Recent Year (in millions) Percent (%) Cable Network Programming $16,964 fill in the blank 1 % Television 4,662 fill in the blank 2 Filmed Entertainment 3,174 fill in the blank 3 Total revenues of major segments $24,800 fill in the blank 4 %

2)

Closing Entries

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Twin Trees Landscaping Co.:

Oscar Killingsworth, Capital	$590,300
Oscar Killingsworth, Drawing	43,000
Fees Earned	439,915
Wages Expense	333,500
Rent Expense	80,000
Supplies Expense	30,015
Miscellaneous Expense	10,005

Journalize the two entries required to close the accounts.

If an amount box does not require an entry, leave it blank.

Apr. 30	Oscar Killingsworth, Capital	fill in the blank 2	fill in the blank 3
	Fees Earned	fill in the blank 5	fill in the blank 6
	Wages Expense	fill in the blank 8	fill in the blank 9
	Rent Expense	fill in the blank 11	fill in the blank 12
	Supplies Expense	fill in the blank 14	fill in the blank 15
	Miscellaneous Expense	fill in the blank 17	fill in the blank 18
Apr. 30	Oscar Killingsworth, Capital	fill in the blank 20	fill in the blank 21
	Oscar Killingsworth, Drawing	fill in the blank 23	fill in the blank 24

3)

Vertical analysis

Amazon.com, Inc. is the largest Internet retailer in the United States. Amazons income statements through operating income for two recent years are as follows (in millions):

Amazon.com, Inc.
Operating Income Statements
For the Years Ended December 31
(in millions)
	Year 2	Year 1
Product sales	$141,915	$118,573
Service sales	90,972	59,293
Total sales	$232,887	$177,866
Cost of sales	$139,156	$111,934
Fulfillment	34,027	25,249
Marketing	13,814	10,069
Technology and content	28,837	22,620
General and administrative	4,336	3,674
Other operating expense, net	296	214
Total operating expenses	$220,466	$173,760
Operating income	$12,421	$4,106

Required: