8 the following data relate to elle corporation 39 s industry segments elle hq repre 4307465

8) The following data relate to Elle Corporation's industry segments. (Elle HQ represents the corporate headquarters). All other segments are geographical sales segments.

AttributeEuropeRussiaChinaJapanElle HQ

External sales$35,000$24,000$33,000$0$0

Intersegment

  Sales2,0001,0004,00000

Expenses27,00018,00029,0005,00012,000

Assets assigned20,00022,00030,00014,00015,000

Income from

  Equity investee5,000

Required:

1. Prepare a report which reconciles the reportable segment profits to total consolidated profits assuming that corporate expenses are not allocated to the operating segments.

2. Prepare a report which reconciles the reportable segment profits to total consolidated profits assuming that corporate expenses are allocated evenly among the operating segments.