Stellar Corporation, a publicly traded company, is preparing the financial data which it will issue to its stockholders and the Securities and Exchange Commission (SEC) for the fiscal year ending December 31, 2017. Your job as a member of the accounting team is to help determine the appropriate disclosures and any other potential year-end adjustments. You have collected the following information.

1.

Stellar is involved in four separate industries. The following information is available for each of the four industries. Stellar wonders which segments are reportable.

Operating Segment		Total Revenue		Operating Profit(Loss)			Identifiable Assets
Gator		$119,000		$30,400			$332,600
Tiger		20,200		3,000			163,900
Seminole		46,300		(4,100	)		42,500
Longhorn		17,800		2,100			38,800
		$203,300		$31,400			$577,800

2.		On January 23, 2018, a strike was called at one of Stellars largest plants, which halted 30% of its production. As of today (February 13), the strike has not been settled.
3.		On January 18, 2018, one of the three major plants of the client burned down.
4.		On February 3, 2018, one of Stellars customers declared bankruptcy. At December 31, 2017, this company owed Stellar $14,800, of which $2,900 was paid in January 2018.
5.		On February 1, 2016, the board of directors adopted a resolution accepting the offer of an investment banker to guarantee the marketing of $1,300,000 of preferred stock.

Moving ahead to the first quarter of 2018, your team has compiled the following summarized revenue and expense data for the first quarter of the year.

Sales revenue		$57,300
Cost of goods sold		35,300
Variable selling expenses		1,000
Fixed selling expenses		2,700

Included in the fixed selling expenses was the single lump-sum payment of $1,600 for Internet advertisements for the entire year. Address the following with respect to the first quarter report. (b2) State how the sales revenue, cost of goods sold, and fixed selling expenses would be reflected in Stellars quarterly report prepared for the first quarter of 2018. The companys revenue and expenses would be reported as follows on its quarterly report prepared for the first quarter of 2018:

1)

2)

3)

4) Just an account

5)

6)