Homework help. Chapter 21 number 6. Need help filling in the missing data. Thank You! a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million.The Walt Disney CompanyVariable Costing Income Statement(in millions)Line Item DescriptionSalesVariable operating expensesContribution marginFixed operating expensesOperating income/loss✓MediaNetworks$Parks, Experiences, Studioand ProductsEntertainment$Direct-to-Consumer &International Segment Contribution Margin AnalysisThe Walt Disney Company (DIS) is a global entertainment company that is organized into four business segments as follows:Media Networks:Television production and distribution, including ABC television network, ESPN, National Geographic.Parks, Experiences, and Products:Theme parks and resorts, including Walt Disney World and Disneyland; Experiences, including Disney Cruise Line and Disney Vacation Club; Products, including Disney and Pixar characters, comic books, and magazines.Studio Entertainment:Music and motion picture production and distribution, including Twentieth Century Studios, Marvel, and Lucasfilm.Direct-to-Consumer & International:Streaming services, including Disney+, ESPN+, and Hulu.For a recent year, Disney reported the following segment results (in millions):SegmentParks,Experiences,and ProductsSegmentMedia NetworksParks, Experiences, andProductsStudio EntertainmentSegmentEntertainment & InternationalRevenues$28,393$16,502$9,636Operating expenses(19,400)(16,600)(7,200)Operating income$8,993$(98)$2,436Assume the following percentages of total operating expenses for each segment are variable:Direct-to-Consumer &SegmentMediaNetworksInternationalPercentage ofVariableOperating Expenses75%60%80%Direct-to-Consumer70%$16,967(19,800)$(2,833)a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million.

Variable costing income statement refers to the report that is used for calculating the contribution…

a. Prepare a variable costing income statement for The Walt Disney Company by segment. If required, use a minus sign to indicate an operating loss. Round all amounts to the nearest million. The Walt Disney Company Variable Costing Income Statement (in millions) Line Item Description Sales Variable operating expenses Contribution margin ✓ Fixed operating expenses Operating income/loss Media Parks, Experiences, Networks and Products $ Studio 100000 Entertainment Direct-to-Consumer & International