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	$	223,000			$	648,000			$	498,000
Intersegment transfers		0				101,800				108,000
Operating expenses		220,000				254,000				238,000
Interest expense		34,000				47,000				37,000
Income taxes		85,000				37,000				52,000
Long-lived assets		139,000				198,000				148,000

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

Sales to unaffiliated customers	$	4,680,000
Intersegment transfers		517,000
Operating expenses		2,500,000
Interest expense		184,000
Income taxes		909,000
Long-lived assets		2,290,000

Taft has adopted the following criteria for determining the materiality of an individual foreign country:

Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales.

	revenues	percentage
U.S.
spain
italy
greece
totals

Calculate long-lived assets within a country and as a percentage of the long-lived assets.

	assets	percentage
U.S
spain
italy
greece
total

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

identify the countries hich are 10% or more of consolidated sales

.