Selected information, which is reported to the chief operating officer, for the five segments of Rad Company for the year ended December 31, 2016, is as follows: Revenue Food Tobacco Lumber Textiles Furniture General Consolidated Corporate Data Sales to $12,000 $10,000 $7,000 $18,000 $7,000 $ 54,000 unaffiliated customers Sales to 5,000 7,000 8,000 20,000 affiliated customers Income from equity investees 3,000 $ 6,000 9,000 Total $17,000 $17,000 $7,000 $29,000 $7,000 $6,000 $ 83,000 revenue Expense Data Cost of sales $10,000 $9,000 $4,000 $16,000 $4,000 $ 43,000 Depreciation 1,000 2,000 2,500 3,000 500 9,000 expense Other 2,000 2,000 1,000 2,000 1,000 8,000 operating expenses Interest 2,000 2,000 $ 3,000 7,000 expense Income 1,000 2,000 (250) 3,000 750 1,500 8,000 taxes Net $ 1,000 $2,000 $(250) $ 3,000 $ 750 $ 1,500 $ 8,000 income Asset Data Segment $18,000 $19,000 $6,000 $22,000 $7,000 $72,000 assets Investment in affiliates 20,000 $40,000 60,000 General corporate assets Intersegment 1,000 2,000 advances 4,000 4,000 Total $19,000 $21,000 $6,000 $42,000 $7,000 $44,000 $136,000 assets The lumber segment has not been a reportable segment in prior years and is not expected to be a reportable segment in future years. Required 1. Prepare schedules to show which of the segments are reportable segments under: a. The 10 percent revenue test b. The 10 percent operating-profit test c. The 10 percent asset test 2. Which of the segments meet at least one of the tests for reportable segments? 3. Must additional reportable segments be identified? 4. Prepare a schedule for appropriate disclosure of the segmented data in the financial report of Rad Company for the year ended December 31, 2016