Bovine Company, a wholesale distributor of DVDs, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement below: Sales Variable expenses $1,654,000 673,360 Contribution margin Fixed expenses 980,640 1,079,000 Net operating loss $ (98,360) 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 data Geographic Market Central $444,000 $650,000 $560,000 South North Sales Variable expenses as a percentage of sales Traceable fixed expenses 54% 40% 31% $264,000 $329,000 $200,000 Required 1. Prepare a contribution format income statement segmented by geographic market, as desired by the