Segment Reporting and Analysis The Essential Baking Company bakes artisan loaves, baguettes, and rolls and sells them in cities throughout the Northwest. Assume the following March income statement was prepared for the stores located in Seattle and Portland: Sales and selected variable expense data are as follows: The fixed selling expenses were $1,440 for March, of which $860 was a direct expense of the Seattle market and $580 was a direct expense of the Portland market. Fixed administrative expenses were $1,135, which management has decided not to allocate when using the contribution approach. Required a. Prepare a segment income statement showing the margin for each territory (city) for March. Include a column combining the two territories. Note: Do not use a negative sign with your answers. b. Prepare segment income statements showing the product margin for each product. Include a column for the combined products. Note: Do not use a negative sign with your answers. c. If the rolls line is dropped and fixed baking expenses do not change, what is the product margin for loaves and baguettes? What is the company-wide adjusted net income? Note: Round your answers below to the nearest whole dollar