Chec Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them in the West, Central, and East regions. Each of these regions is about the same size and each has its own manager and sales staff. The company has been experiencing losses for many months. In an effort to improve performance, management has requested that the monthly income statement be segmented by sales region. The company's first effort at preparing a segmented income statement for May is given below. Sales Region West Central East Sales $ 311, 000 $ 804,000 $ 698, 000 Regional expenses (traceable) : Cost of goods sold 93, 000 241, 000 315, 000 Advertising 110, 000 243, 000 244, 000 Salaries 55, 000 54, 000 106, 000 Utilities 9 , 000 16 , 300 13, 900 Depreciation 23, 000 33 , 000 26, 000 Shipping expense 14, 000 34 , 000 44, 000 Total regional expenses 304, 000 621, 300 748, 900 Regional income ( loss) before corporate expenses 7,000 182, 700 (50, 900) Corporate expenses: Advertising (general) 14, 000 41, 000 33, 000 General administrative expense 20, 000 20 , 000 20 , 000 Total corporate expenses 34, 000 61, 000 53 , 000 Net operating income (loss) $ (27, 000) (121, 700) $ (103, 900) The cost of goods sold and shipping expense are both variable. All other costs are fixed. Required: 3. Prepare a new contribution format segmented income statement for May. (Round percentage answers to 1 decimal place.) Total Company West Central East Amount % Amount % Amount % Amount % Variable expenses: