TamariskCorporation, 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.Tamariskis involved in four separate industries. The following information is available for each of the four industries.Tamariskwonders which segments are reportable.

Operating

Segment: Total

Revenue Operating

Profit(Loss) Identifiable

Assets Gator: $121,500 $29,500 $338,500 Tiger: 20,300 3,000 165,600 Seminole: 46,100 (4,100) 42,700 Longhorn 18,000 2,000 37,600

total: $205,900 $30,400 $584,400

2.On January 23, 2018, a strike was called at one ofTamarisk's 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 ofTamarisk's customers declared bankruptcy. At December 31, 2017, this company owedTamarisk$15,600, of which $3,000was 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 $1,100,000of 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 $65,600 Cost of goods sold 34,600 Variable selling expenses900 Fixed selling expenses 3,100

Included in the fixed selling expenses was the single lump-sum payment of $1,500for 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 inTamarisk's quarterly report prepared for the first quarter of 2018.

The company's revenue and expenses would be reported as follows on its quarterly report prepared for the first quarter of 2018:

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(. ) (. ) The first column's blanks are choosing from Advertising, Cost of goods sold, fixed selling expenses, other, sales revenue and variable selling expenses. Thanks.