Finney Company's condensed income statement is presented below:

The following data is compiled relative to Finney's operating segments:

Included in the amounts allocated to each segment on the above percentages are the following expenses which relate to general corporate activities:

Instructions
a. Prepare a schedule showing the amounts distributed to each segment.
b. Based only on the above information, which segments must be reported andwhy?

$1,000,000 Revenues Expenses Cost of goods sold Operating and administrative expenses Depreciation expense Income before taxes Income tax expenses Net income Earnings per share (100,000 shares) $400,000 200,000 40,000 640,000 360,000 108,000 $252.000 $2.52 Percent Identified with Segment Hotels 4290 48% 35% 46% Candv 8% Cost of goods sold Operating and administrative expense Depreciation expense Grains 50% 49% 50% 42% 15% 12% erating Segment Hotels Grains. Candy. Totals Operating and administrative expense Depreciation expense $12,000 3.500 S9,000 4,000 S3,000 2,500 24,000 10,000