Taft Corporation operates primarily in the United States. However, a few years ago, it opened a plant in Spain to produce merchandise to sell there. This foreign operation has been so successful that during the past 24 months the company started a manufacturing plant in Italy and another in Greece. Financial information for each these facilities follows: Sales Intersegment transfers Operating expenses Interest expense Income taxes Long-lived assets Spain $ 215,000 0 212,000 32,000 83,000 131,000 Italy $ 640,000 100,800 246,000 45,000 35,000 190,000 Greece $ 490,000 100,000 230,000 35,000 50,000 140,000 The company's domestic (U.S.) operations reported the following information for the current year: Sales to unaffiliated customers Intersegment transfers Operating expenses Interest expense Income taxes Long-lived assets $ 4,660,000 507,000 2,490,000 176,000 899,000 2,280,000 Taft has adopted the following criteria for determining the materiality of an individual foreign country: (1) Sales to unaffiliated customers within a country are 10 percent or more of consolidated sales, or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets. a. Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales. b. Calculate long-lived assets within a country and as a percentage of the long-lived assets. c. Apply Taft's materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately. Required A Required B Required C Calculate sales to unaffiliated customers within a country and as a percer answers to 2 decimal places.) Revenues Percentage % United States % Spain Italy Greece % Total % Required A Required B Required C Calculate long-lived assets within a country and as a p 2 decimal places.) Assets Percentage United States % % Spain Italy % Greece % Total % Required A Required B Required C Apply Taft's materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long- lived assets to be reported separately. Identify the countries which are 10 percent or more of consolidated sales