Problem 10-12 (AICPA Adapted) Taylor Company assesses performance and makes operating decisions using the following information for the reportable segments: Total revenue Total profit and loss. 9,000,000 1,500,000 The total profit and loss included intersegment profit of P300,000. In addition, the entity had P100,000 of common costs for the reportable segments that are not allocated in reports provided to the chief operating decision maker. For purposes of segment reporting, what amount should be reported as segment profit? a. 1,400,000 b. 1,200,000 c. 1,800,000 d. 1,500,000 295