Selected information, which is reported to the chief operating officer, for the five segments of Rad Company for the year ended December 31, 2011, is as follows:

The lumber segment has not been a reportable segment in prior years and is not expected to be a reportable segment in future years.REQUIRED1. Prepare schedules to show which of the segments are reportable segments under:(a) The 10% revenue test(b) The 10% operating-profit test(c) The 10% asset test2. Which of the segments meet at least one of the tests for reportable segments?3. Must additional reportable segments be identified?4. Prepare a schedule for appropriate disclosure of the above segmented data in the financial report of Rad Company for the year ended December 31,2011.

General Food Tobacco Lumber Textiles Furniture Corporate Consolidated Revenue Data $ 54,000 $18,000 Sales to unaffiliated $12,000 S10,000 $7,000 $7,000 customers 5,000 Sales to affiliated 7,000 8,000 20.000 customers Income from equity investees 6,000 3,000 9,000 $17.000 S17,000 $7.000 $29,000 $7.000 $ 6.000 $ 83,000 Total revenue Expense Data Cost of sales Depreciation $ 43,000 9,000 $10,000 $9,000 $4,000 2,000 $16,000 3,000 $4,000 2,500 1,000 500 expense Other operating 2,000 2,000 1,000 2,000 1,000 8,000 expenses $ 3,000 1,500 S 1,500 2,000 3,000 $ 3,000 Interest expense Income taxes 2,000 7,000 (250) 3 (250) 1,000 2,000 750 8,000 $ 8,000 S 750 $ 1,000 $ 2,000 Net income Asset Data $ 72,000 60,000 $18,000 $19,000 $6,000 $22,000 $7,000 20,000 Segment assets Investment in $40,000 affiliates General corporate 4,000 4,000 assets 2,000 Intersegment advances Total assets 1.000 $19,000 $21,000 $44,000 $6,000 $136,000 $42,000 $7,000