Bovine Company, 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 $2,100,000 868,900 Contribution margin 1,231,100 Fixed expenses 1,325,000 Operating loss S (93,900) 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: Geographic Market South $610,000 $809,000 $681.000 Sales Variable expenses as a percentage of sales Traceable fixed expenses 58% 30% $330,000 $540,000 $310,000 1. Prepare a contribution format income statement segmented by geographic market, as requested by the Geographic Market Total South Central North 0 $ 0