3. ny, a wholesale distributor of umbrellas, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement Sales Variable expenses $2,070,000 895,880 Contribution margin Fixed expenses 1,174,120 1,319,000 S (144,880) In an effort to isolate the problem, the president has asked for an income statement segmented by geographic market. Accordingly, the Accounting Department has developed the following: phic Ma Sales 36% 46% $320,000 $480,000 $307,000 fixed expenses