Branson Industries conducts operations in five major industries, A, B, C, D, and E. Financial data relevant to each industry for the year ending December 31, 2024, are as follows:

Included in the sales of segments C and E are intersegment sales of $120,000 and $40,000, respectively. Corporate offices have assets of $95,000 and incurred general corporate expenses of $76,000. All corporate assets are located in the United States and depreciation on corporate assets was $10,000. No single customer represents more than 10% of sales. There is no intercompany inventory in beginning or ending inventory. The intersegment sales are included in the measures reviewed by the chief operating decision maker, as are the capital expenditures and depreciation and amortization.

Required:
A. Which industry segments should be separately reported in the segment report, assuming that Branson defines its operating segments based on major industry (product/services)? Justify your answer.
B. Prepare a report to disclose required segment information under ASC 280. Include the enterprisewide disclosures.

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Sales Cost of goods sold Administrative expenses Selling expenses Total cost and expense Operating profit Identifiable assets Depreciation and amortization expense Capital expenditures A $57,000 20,000 18,000 7,000 45,000 $12,000 $50,000 6,400 5,600 (In Thousands) United States B $120,000 75,000 26,000 44,000 10,700 8,000 с D $880,000 $50,000 400,000 9,400 152,000 12,000 172,000 12,600 145,000 724,000 34,000 $(25,000) $156,000 $16,000 $95,000 $600,000 $98,000 Canada 76,000 39,000 12,200 20,000 E $ 83,000 49,000 8,000 20,000 77,000 $ 6,000 $240,000 26,400 25,000