Problem 1 (Textbook Reference: P9-5) - Prepare and income statement for two segments using the contribu margin format; calculate the return on investment for (1) the entire company, and (2) each segment The following data pertain to the operating revenues and expenses for Golden State Company for 2014 Sales Variable expenses Direct fixed expenses Indirect fixed expenses LA Segment SF Segment Total 180,000 360,000 $540,000 s 96,000 240,000 $336,000 s 24,000 30,000 S 54,000 sS 72,000 Regarding the company's total operating assets of $900,000, the following facts exist LA Segment SF Segment Assets directly used by and identified with the segment s 180,000 360,000 Required: a. Prepare a statement showing the contribution margin of each segment, the contribution to indirect expenses of each segment, and the total income of Golden State Company GOLDEN STATE COMPANY Income Statemeat Showing Segmental Contributions to Indirect Expenses For the Year Ended December, 31, 2014 LA Segme nt SE Segme nt Total Sales Less: Variable expenses Contribution margin Less: Drect fixed e Contribution to indirect expenses Less: Indirect fixed e ng ncome Determine the return on investment for evaluating (1) the earning power of the entire company and (2) the performance of each segment. (Hint: Refer to Illustration 9.7 in your textbook) b. 1) Company ROI 2) LA Segment ROI 3) SF Segment ROI