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 of these facilities follows:

	Spain		Italy		Greece
Sales	$	235,000			$	660,000			$	510,000
Intersegment transfers		0				101,200				120,000
Operating expenses		232,000				266,000				250,000
Interest expense		40,000				53,000				43,000
Income taxes		91,000				43,000				58,000
Long-lived assets		151,000				210,000				160,000

The companys domestic (U.S.) operations reported the following information for the current year:

Sales to unaffiliated customers	$	4,740,000
Intersegment transfers		547,000
Operating expenses		2,530,000
Interest expense		196,000
Income taxes		939,000
Long-lived assets		2,320,000

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 Tafts materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately.

\begin{tabular}{|l|l|l|l|} \hline & Revenues & \multicolumn{2}{c|}{ Percentage } \\ \hline United States & & & % \\ \hline Spain & & & % \\ \hline Italy & & & % \\ \hline Greece & & & % \\ \hline \multicolumn{1}{|c|}{ Total } & & & % \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & Assets & Percentage \\ \hline United States & & % \\ \hline Spain & & % \\ \hline Italy & & % \\ \hline Greece & & % \\ \hline Total & & % \\ \hline \end{tabular} Identify the countries which are 10 percent or more of consolidated sales