Intermediate Accounting-Chapter 5- Exercise E5-25-Segment Reporting (Appendix 5.1) Parks Conglomerate Company does business in several different industries. The following is a 2016 condensed income statement for the entire company.

Sales, 300,000

Less:

Cost of goods sold, $140,000

Depreciation Expense, $30,000

Other operating expenses, $60,000

Total Expenses, (230,000

Pretax income, $70,000

income tax expense, (21,000

Net income, $49,000

Earnings per share (20,000 Shares), $2.45

Parks has two major operating segments, A, and B. No other operating segment contributes 10% or more of the company's activities. Segments A and B make no sales to each other or to the other segments of the company. An analysis that $2,000 of the total depreciation expense and $6,000 of the total other operating expenses are related to general activities. The remaining expenses and total revenues are directly allocable to segment activities according to the following percentanges:

Sales-Segment A 40%-Segment B 46%-other segments 14%

Cost of goods sold-Segment A 35-Segment B 50-other segments 15

Depreciation expense-Segment A 40-Segment B 45-other segments 15

other operating expenses-Segment A 42-Segment B 40-other operating expenses 18

Required:

Prepare a schedule that reports on the revenues and profit of Segments A and B and the other operating segments of Parks for 2016. Be sure to reconcile these amounts with the related totals on the preceding income statement. Include notes summarizing the depreciation related to each operating segment and the computation of segment profits.